Inside the Making of Redfall, Xboxs Latest Misfire, Everything Apple Plans to Show at WWDC: XR Headset, iOS 17 and More, Stock Melt-Up Drives S&P 500 to Brink of Bull Run: Markets Wrap, China Mulls New Property Support Package to Boost Economy. Contacts Investor Relations Blackstone +1 (888) 756-8443 BlackstoneShareholderRelations@Blackstone.com Public Affairs Blackstone +1 (212) 583-5263 The awards described above may not be representative of any one client 's experience with Blackstone Credit and should not be viewed as indicative of future performance. Our Hedge Fund Solutions business achieved a gross composite return of 5% with positive returns every quarter of the year. We intend to invest in securities that are rated below investment grade by rating agencies or that would be rated below investment grade if they were rated. (BPPEH), including any information (and/or attachments) contained on this website (collectively, Confidential Information), is confidential. Class D and Class S listed as (With Upfront Placement Fee) reflect the returns after the maximum upfront placement fees (1.5% Class D and 3.5% for Class S). BCRED expects to invest primarily in loans to private U.S. companies similar to those represented in the Private Credit index and therefore will face risks similar to those facing the assets represented by that index. Here are the key takeaways from JPMorgan Chase & Co.s investor day Monday: To access the full TOPLive blog, click here to read on the Terminal or here online. It has been undertaken to understand the technical and economic viability of the TKR. Past performance is not necessarily indicative of future performance. If you do not agree to these terms and conditions, please do not access this website. And these products have worked exactly as intended. To view recent press releases,click here. With that, we thank you for joining the call and we'd like to open it up now for questions. To continue reading the Q&A session, please click here. We also raised additional capital in Q4 for our renewables and energy transition-focused strategies in credit and private equity, targeting over $10 billion in aggregate. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. See also 12 Most Undervalued Pharma Stocks To Buy and 25 Largest Privately Held Companies in the US. In terms of the drawdown funds, the fee holiday for our global real estate flagship has ended, and 2023 will include a nearly full year contribution of management fees. We have limited prior operating history and there is no assurance that we will achieve our investment objectives. Of course, these exceptional fundamentals do not apply everywhere. With almost $187 billion of dry powder, we have more capital than almost any other financial investor in the world to buy assets opportunistically when values are low and liquidity is scarce. In real estate, the Core+ and opportunistic funds depreciated 1.5% to 2% in the quarter. We have lived through many cycles and have always emerged stronger, growing the firm to greater heights. Those interested in firm updates can sign uphereto receive Blackstone press releases via email or follow the company on Twitter @Blackstone. To view recent press releases, click here. (iv) Use of Leverage. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Blackstone Announces Third Quarter 2022 Investor Call 29 September 2022 NEW YORK - September 29, 2022 - Blackstone (NYSE:BX) announced today that it will host its third quarter 2022 investor conference call via public webcast on October 20, 2022 at 9:00 a.m. As you would expect, our investors are rewarding us, including remarkable inflows of $226 billion just in 2022, which drove 11% growth in assets under management to a record $975 billion. Total Net Return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested) divided by the beginning NAV per share. Blackstone will host its second quarter 2022 investor conference call via public webcast on July 21, 2022 at 9:00 a.m. 6. The Ten Surprises of 2022 (cont'd) Note: As detailed in the "Disclaimers" section, the above and all subsequent commentary in this presentation reflect the personal views of Joseph Zidle, Senior Managing Director and Byron Wien, Vice Chairman in the Private Wealth Solutions Group, and do not necessarily reflect the view of Blackstone. The result of how we've positioned investor capital along with our value creation focus. Turning to investment performance. Otherwise, we will assume you're OK to continue. to Blackstone Mortgage Trust, the most directly comparable GAAP measure, is included in our full detailed presentation of third quarter 2022 results and is available on our website at www.bxmt.com. See Important Disclosure Information and BCREDs prospectus. Disclaimer. Average realized loss is the historical average of the realized gains/losses for the Cliffwater Direct Lending Index. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. To receive email alerts from Blackstone, sign up below. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Despite a very tough year for markets, we've continued to deliver for them. It matters where you invest. To receive email alerts from Blackstone, sign up below. We do this by using extraordinary people and flexible capital to help companies solve problems. To receive email alerts from Blackstone, sign up below. Dividend Blackstone has declared a quarterly dividend of $0.96 per share to record holders of Class A common stock at the close of business on February 8, 2021. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. In total, only $56 billion of our $150 billion target was earning management fees as of year-end. We've out-earned them by three times. (iii) Fees and Expenses. Blackstone products are subject to the risk of capital loss and investors may not get back the amount originally invested. We use and continue to expect to use leverage, which will magnify the potential for loss on amounts invested in us. We believe BCREDs portfolio is well-positioned defensively to successfully navigate this current environment of uncertainty. Blackstone Inc. (NYSE:BX) Q4 2022 Earnings Call Transcript January 26, 2023. Moreover, our investors benefit from our direct origination capabilities, which is a key differentiator for insurance clients in particular. (BPPEH) has published its 2022 Half Year Report and will participate in the Morgan Stanley Fixed Income Real Estate Conference on 29 September 2022. Performance has been outstanding with 19% net returned annually since inception. Of note, 10-year yields have moved meaningfully lower since year-end, which, if sustained, should provide additional valuation support over time. The fourth quarter, although we had fewer realizations due to the environment, we generated strong DE of $1.3 billion, reflective of the firm's substantial earnings power, which has grown dramatically over the past several years. In traditional US office, for example, secular challenges have been exacerbated in a post-pandemic world. In 2022, BREIT's net return was over 8%, while equity and debt markets were melting. We previously noted that the BPP platform has four times more AUM subject to crystallization in 2023 and 2022 concentrated in the second half of the year. Blackstone is the worlds largest alternative asset manager. We do not own the market. Turning to the outlook. A summary of the investment guidelines for the indices presented are available upon request. These risks include, but are not limited to, the following: Neither the Securities and Exchange Commission nor any state securities regulator has approved or disapproved of these securities or determined if the prospectus is truthful or complete. You should exercise your own judgment and/or consult with a professional advisor to determine whether it is advisable for you to invest in any Blackstone strategy or product. In 2022, our sales in the private wealth channel totaled a remarkable $48 billion, not exactly what you're hearing in the media. These forward-looking statements can be identified by the use of forward-looking terminology, such as outlook, indicator, believes, expects, potential, continues, may, can, will, should, seeks, approximately, predicts, intends, plans, estimates, anticipates, confident, conviction, identified or the negative versions of these words or other comparable words thereof. Switchboard: +1 (212) 583-5000. By Joe Zidle and Byron Wien October 24, 2022 We are pleased to offer our fourth-quarter webcast, "Fundamentals Are Yet to Get Their Day in the Sun," featuring Private Wealth Solutions Chief Investment Strategist Joe Zidle and Vice Chairman Byron Wien. This dividend will be paid on February 16, 2021. (i) Indices. Please click on the link "Learn More" below if you would like more information about the cookies used on this website and how to select certain cookies. These may include BCREDs financial estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, statements regarding future performance, statements regarding economic and market trends and statements regarding identified but not yet closed investments. To register, please use the following link:https://event.webcasts.com/starthere.jsp?ei=1573112&tp_key=f88b58621b. And with that, let me hand it over to Weston Tucker, Head of Shareholder Relations. Switchboard: +1 (212) 583-5000. Prior to making an investment, investors should read the prospectus, including the Risk Factors section therein, which contains a discussion of the risks and uncertainties that we believe are material to our business, operating results, prospects and financial condition. The views expressed reflect the current views of Byron Wien and Joe Zidle as of the date hereof, and none of Byron Wein, Joe Zidle or Blackstone undertake any responsibility to advise you of any changes in the views expressed herein. The indices presented are not subject to fees or expenses and it is not possible to directly invest in any index presented. At Blackstone, we are focused on the long term, not next month. You will bear substantial fees and expenses in connection with your investment. If you do not agree to these terms and conditions, please do not access this website. We've grown distributable earnings 20% annually for the past 10 years, more than double the rate of the market. We expect to file our 10-K report next month. Nothing in this website shall be considered an offer to sell, or a solicitation of an offer to purchase, securities of BPPEH. See Fees and Expenses in the prospectus. This leads the public regarding likely future trends for appreciation and growth in well constructed and historically high-performing products. Quarterly Investor Call Details Blackstone will host its first quarter 2022 investor conference via public webcast on April 21, 2022 at 9:00 a.m. . Individual Investors & Financial Advisors. As of December 31, 2022. 1. Local, regional, or global events such as war (e.g., Russia/Ukraine), acts of terrorism, public health issues like pandemics or epidemics (e.g., COVID-19), recessions, or other economic, political and global macro factors and events could lead to a substantial economic downturn or recession in the U.S. and global economies and have a significant impact on the Fund and its investments. By selecting a country or state from the above list, you certify that you are resident in that country or state. State Farms Exit Makes It Harder. To register This is a foundational principle of portfolio construction. Financial Advisors, visit our dedicated website to learn how you can And its growth in net operating income, 2022 was 65% higher and public REITs through the latest available public data, that's some performance. Seven Summer Camps Just for Adults, Goldman CEO Loves Summer Camp So Much Hes Expanded His Portfolio, How Summer Camp Became Such a Hot Mess for Parents, Union Action Shuts Some Key West Coast Ports, Employers Say, Amazon Fired Another Alabama Union Organizer, Union Says, US Concerned About Vietnams Detention of Environmentalist, A Global Stock Traders Guide to More Extreme Weather Events, New Jersey Senior-Living Facilitys Woes Exacerbated by Construction Delays. . We do not own the Blackstone name, but we are permitted to use it as part of our corporate name pursuant to the investment advisory agreement between BCRED and an affiliate of Blackstone Inc. (Blackstone). For press inquiries, contact[emailprotected]. Investor Presentation June 2020 2.56 MB. A live webcast of the presentation will be available on the Shareholders section of Blackstone's website . (BPPEH) has published an Investor Presentation on our website (www.bppeh.com), in relation to the 2022 full year earnings. Bloomberg US Corporate High Yield Index measures the USD-denominated, high yield, fixed-rate corporate bond market. ET. ContactPublic AffairsNew York+1 (212) 583-5263. To register . By clicking agree, you indicate your acceptance of and agreement to be bound by these terms. Earlier this morning, we issued a press release and slide presentation, which are available on our website. We're seeing the greatest demand today for private credit strategies, including from insurance clients and for infrastructure. For information on our privacy practices see our Privacy Policy. Our inflows this year alone qualify as a top 10 alternative manager out of the over 10,000 alternative managers globally. Joining today are Steve Schwarzman, Chairman and CEO; and Jon Gray, President and Chief Operating Officer; and Michael Chae, Chief Financial Officer. Our $881 billion in assets under management include investment vehicles focused onprivate equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. We've written down the equity value of traditional US office assets dramatically since 2018. We will launch various other funds in the coming quarters depending on deployment. Switchboard:+1 (212) 583-5000. 2020 Annual Meeting Presentation 1.18 MB. I can tell you, this is a group that is extremely bullish on our firm's prospects. Moreover, the share count has barely grown over that decade, and we continue to operate with minimal net debt and no insurance liabilities. Blackstone and others associated with it may have positions in and effect transactions in securities of companies mentioned or indirectly referenced in this commentary and may also perform or seek to perform services for those companies. This includes our resolution platform, where we recently announced an incremental $1 billion commitment from Nippon Life, Japan's leading life insurance company to help accelerate the company's growth. Senior Loans is represented by the Morningstar LSTA US Leveraged Loan Index. We saw a record first half driven by certain large realizations of note, while the pace of sales slowed in the second half, reflecting overall market activity levels. Buying a Home in California Is Already Hard. ET. And against this extremely unfavorable market backdrop, Blackstone delivered earnings and dividend growth for our shareholders. Leveraging the breadth of the broader Blackstone Credit platform, we view this period of market disruption as an opportunity to deploy capital and seek to generate current income. USD. To be included in the index a security must have a minimum par amount of $1 billion. The intra-year movements were even more extreme, these indices down 26% to 37% at their lows. On a net basis, after repurchases, we saw positive net inflows in this channel of $3 billion overall in the fourth quarter with strong demand for our drawdown products. See Important Disclosure Information at the beginning of this presentation and BCREDs prospectus. Equity markets fell sharply as a result with the S&P down 18% for the year, NASDAQ down 33%, public REIT index, not to be forgotten, down 25%. ersonalBSX INVESTOR PRESENTATION. As a whole, our portfolio is in excellent shape with an emphasis on downside protection, as well as upside when asset values ultimately recover from this cycle. This sets a substantially higher baseline for fee revenues entering the year. Michael Chae: Thanks, Jon, and good morning, everyone. Blackstone's largest product in the private wealth channel, BREIT, has delivered 12. to ESG, Blackstone Charitable I'll first review financial results and then we'll discuss investment performance and key elements of the forward outlook. I'd like to advise all parties that this conference is being recorded. New York, January 27, 2022: Blackstone (NYSE:BX) today reported its fourth quarter and full year 2021 results. In secondaries, we completed the fundraise for SP's flagship PE strategy at over $22 billion, the industry's largest, as well as SP's GP-led continuation fund at $2.7 billion. Source: JPM Default Monitor. For office-specific contact information, please visit our our offices page. Dividend Blackstone has declared a quarterly dividend of $0.91 per share to record holders of common stock at the close of business on February 6, 2023. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. The repayment of any amounts owed to our affiliates will reduce future distributions to which you would otherwise be entitled. In addition, of course, we seek returns that significantly exceed public market benchmarks over time. We do this by using extraordinary people and flexible capital to help companies solve problems. Our latest fundraising cycle has positioned us very well with $187 billion of dry powder. Class D and Class S listed as (No Upfront Placement Fee or Brokerage Commissions) exclude upfront placement fees. An accompanying recording is accessible to investors at the following link, viewable until Friday 14 April 2023: https://dealroadshow.com/e/BLACKSTONE23 (recommended), Visit https://dealroadshow.com and enter the deal entry code: BLACKSTONE23 (case-sensitive). Over a decade ago, we built a dedicated private wealth team, which today comprises approximately 300 people globally, where we invested significantly to establish the leading sales and service organization in our sector, interfacing with the largest wealth distribution systems. CAUTIONARY & FORWARD LOOKING STATEMENT. Foundation. For office-specific contact information, please visit our our offices page. ET. ContactPublic AffairsNew York+1 (212) 583-5263. When it comes to building, maintaining, and executing a defense-first strategy, we believe deep relationships and operating expertise are at the heart of how Blackstone Credit partners with its portfolio companies. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. READ NOW. NEW YORK, July 21, 2022 To view the full report please click the following link Blackstones Second Quarter 2022 results. Goldman Sachs 2022 US Financial Services Conference. With that, I will turn things over to Michael. Any representation to the contrary is unlawful. In private equity, our concentration in the travel and leisure, energy, and energy transition areas have had a meaningful impact on our results. For press inquiries, contact[emailprotected]. This website is neither an offer to sell nor a solicitation of an offer to buy securities. Our $915 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Sciences, Technology and TD Securities . Citi 2021 Global Energy . 2) As of June 30, 2022. To register and listen to the call, please use the following link here. Those interested in firm updates can sign up here to receive Blackstone press releases via email or follow the company on Twitter @Blackstone. Here are the key takeaways from JPMorgan Chase & Co. 's investor day Monday: The key number: The biggest US bank plans to make $84 billion from net . Over 90% of our investments are floating rate, which has benefited returns as rates moved higher. By selecting the relevant option, you certify that it accurately reflects your residency. FRE increased 9% to $4.4 billion or $3.65 per share, powered by very strong growth in management fees and healthy margin expansion, notwithstanding a decline in fee-related performance revenues. All information furnished or otherwise made available by or on behalf of Blackstone Property Partners Europe Holdings S. r.l. Blackstone has declared a quarterly dividend of $1.27 per share to record holders of common stock at the close of business on August 1, 2022. Note: Reflects Blackstone Credit's views and beliefs Further notes are on page 17 and important disclosures are at the back of this presentation. Note: Reflects Blackstone Credit's views and beliefs Further notes are on page and important disclosures are at the back of this presentation. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Such forwardlooking statements are inherently subject to various risks and uncertainties. One of Blackstone's core principles since our founding in 1985 involves the preservation of capital as a necessary component of the investments we make. 20 years ago, we started raising money in this channel by offering access to the same high-quality products we offer to institutions. We would like to inform you that Blackstone Property Partners Europe Holdings S. r.l. And in BAAM, the BPS gross composite return was 2.1% in the quarter, the 11th quarter in a row of positive performance. By continuing to use this website (clicking on a picture or link under this banner), you consent to the use of cookies. BPPEH Publishes 2022 Annual Report; Investor Meetings to be held 3-5 April 2023 March 28, 2023 09:00 AM ET. The Company's Board of Trustees has declared a first quarter 2022 dividend of $0.53 per share to shareholders of record as of March 31, 2022, payable on May 13, 2022. Jon Gray: Thank you, Steve. These revenues carry attractive incremental margins given our extensive existing capabilities. ET. For more information about how Blackstone collects, uses, stores and processes your personal information, please see our Privacy Policy here:www.blackstone.com/privacy. For more information on these indices, please see the Index Definitions section at the bottom of this page. Please note that BSP may not provide the kinds of financial services that you might expect from another financial intermediary, such as overseeing any brokerage or similar account. This dividend will be paid on August 8, 2022. Estate, Hedge Fund Solutions Morningstar LSTA US Leveraged Loan Index is a market value-weighted index designed to measure the performance of the US leveraged loan market based upon market weightings, spreads and interest payments. ET to discuss results. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Blackstone's second largest product in this area of BCRED, has achieved 8% net returns annually, significantly outperforming the relevant credit indices and is yielding over 10% today, exclusively in floating rate debts. To view recent press releases, click here. Oil & Gas Conference Presentation 1.18 MB. Data is as of April 30, 2023, unless otherwise indicated. For office-specific contact information, please visit our our offices page. You should consider that you may not have access to the money you invest for an extended period of time. High Yield is represented by the Bloomberg High Yield Index. You should purchase these securities only if you can afford the complete loss of your investment. Further information is available at www.blackstone.com. And we believe our performance in this cycle will ultimately provide impetus for significant growth in this area. In real estate, we commenced fundraising for our latest debt vehicle, which we believe will be comparably sized to its $8 billion predecessor. Firm's results reflect strong performance in difficult markets. Starting with results. partner with Blackstone. Our expansive breadth of growth engines and the activation of new drawdown funds throughout the year, lifted base management fees 25% to a record $6 billion for the year and the 52nd straight quarter of year-over-year base management fee growth at Blackstone. Total Segments Last Twelve Months ($ in thousands) 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 3Q'21 4Q'21 1Q'22 1Q'21 1Q'22 Management and Advisory Fees, Net By submitting this request, you consent to receive email from Blackstone. ET. By clicking agree, you indicate your acceptance of and agreement to be bound by these terms. Distributable earnings increased 7% in 2022 to $6.6 billion or $5.17 per common share, driven by the growth in FRE, along with a 4% increase in net realizations. ("BPPEH") has published an Investor Presentation on our website (www.bppeh.com), in relation to the 2022 full year earnings. The index covers the US investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. So, to summarize, with multiple embedded key drivers we have strong confidence in continued FRE expansion in 2023 and beyond. The audio replay will also be available on our podcast channels, including Spotify, Apple Podcasts and SoundCloud, approximately 24 hours after the event.Blackstone distributes its earnings releases via its website, email lists and Twitter account. Jonathan Bock, the new co-CEO of BCRED, reviews how private credits defensive traits may help preserve wealth and capture opportunities in todays challenging market environment.(2). And as always, when markets ultimately stabilize, we would expect realizations to reaccelerate as well. In credit, the private credit strategy is appreciated 2.4% and the liquid strategies appreciated 3%, reflective of a resilient portfolio, generating strong current income against a stable backdrop for credit generally in the quarter. We do this by using extraordinary people and flexible capital to help companies solve problems. For press inquiries, contact [emailprotected]. July 8, 2019. At the same time, FRE margin expanded 75 basis points to 57.1%, the highest level ever for a calendar year, reflective of the firm's robust margin position and ability to manage costs with discipline in a difficult environment. And in our non-insurance corporate credit business, with nearly $200 billion of total AUM. This commentary does not constitute an offer to sell any securities or the solicitation of an offer to purchase any securities. The indices are not subject to fees or expenses and it may not be possible to invest in the indices. The indices presented (excluding Private Credit) represent investments that have material differences from an investment in BCRED or the investments that BCRED may make. As these mandates grow over time, both organically and by contract, we anticipate fee revenues just from these mandates will more than double to approximately $1 billion in four to five years, including strong double-digit growth this year. See Suitability Standards and Share Repurchase Program in the prospectus. ET. Good morning, everyone. Documents Each document speaks only as of its date and may be superseded by later information provided by BPPEH from time to time. All returns shown are derived from unaudited financial information and are net of all BCRED expenses, including general and administrative expenses, transaction related expenses, management fees, incentive fees, and share class specific fees, but exclude the impact of early repurchase deductions on the repurchase of shares that have been outstanding for less than one year. Finally, in BAM, we emphasize macro and quant strategies yielding outstanding results for our investors in liquid securities. Fee-related performance revenues were $1.4 billion for the year, driven by strong returns across our perpetual strategies, with contribution from 12 discrete vehicles. Our distribution partners understand this as well, and they've told us they plan to continue to expand their client's access to alternatives. To receive email alerts from Blackstone, sign up below. By clicking agree, you confirm that you are outside the U.S. and not resident or located in any jurisdiction where accessing this website would be unlawful. Chicago Sued Over Deal to Lease Public Land toEx-Mayors Billionaire Donor, Bitcoin Faces Fresh Challenges After Debt Deal Moves Forward, Citigroup Warns, FTX Objects to Extension of Mediation Talks for Bankrupt Crypto Lender Genesis, Key House Republicans Unveil Crypto Market Structure Draft Bill. Our thematic approach has led to 14% year-over-year revenue growth in Q4 for our corporate private equity operating companies. Stepping back, despite a muted backdrop for realizations for much of the year, our distributable earnings were above or well above $1 per share every quarter for the past six consecutive quarters, which had only previously occurred three times in our history. For information on our privacy practices see our Privacy Policy. Distributions have been and may in the future be funded through sources other than cash flow from operations, including the sale of assets, borrowings, return of capital or offering proceeds. In closing, we continue to see global LPs increase their allocation to alternatives and Blackstone is the leader in the space. For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstones website athttps://ir.blackstone.com/. Our $941 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. In the fourth quarter, the corporate private equity funds appreciated 3.8% with strength in our travel-related and energy holdings along with our publics broadly. to Blackstone Mortgage Trust, the most directly comparable GAAP measure, is included in our full detailed presentation of first quarter 2022 results and is available on our website at www.bxmt.com. An offering is made only by the prospectus, which must be made available to you prior to making a purchase of shares in connection with this offering and is available at https://www.bcred.com/prospectus. Finally, in insurance, we ended 2022 with over $100 billion of AUM from our four large clients, generating $450 million of management fee revenue for the year. To register and listen to the call, please use the following link here.For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Blackstones website at https://ir.blackstone.com/ beginning about two hours after the event.About BlackstoneBlackstone is the worlds largest alternative asset manager. To view recent press releases,click here. All information in this commentary is believed to be reliable as of the date on which this commentary was issued and has been obtained from public sources believed to be reliable. Individual Investors & Financial Advisors, https://event.webcasts.com/starthere.jsp?ei=1541131&tp_key=e885c96742. BSP does not make any recommendation regarding, and will not monitor, any investment. (BPPEH), including any information (and/or attachments) contained on this website (collectively, Confidential Information), is confidential. We're starting to see some interesting opportunities arise from the market dislocation, including from real estate funds seeking liquidity, leading to investments in logistics portfolios in Canada, the UK and Sweden, but it will take time for a volume of large-scale opportunities to emerge. This reflects well the elevation of our earnings power that is underway. News, BX Past performance is not indicative of future results. Individual Investors & Financial Advisors, https://event.webcasts.com/starthere.jsp?ei=1573112&tp_key=f88b58621b. Further information is available at www.blackstone.com. 1. ContactPublic AffairsNew York+1 (212) 583-5263. This website uses cookies, including third-party cookies, which allow BPPEH to obtain information about your visit to the website. Individual Investors & Financial Advisors, https://event.webcasts.com/starthere.jsp?ei=1557675&tp_key=dbd411b3d9. For financial advice relating to an investment in any Blackstone strategy or product, contact your own professional advisor. More recently, given our concerns around rising interest rates and inflation, we concentrated over 80% of our current real estate portfolio in sectors where strong cash flow growth could help offset these headwinds, including logistics, rental housing, life science office, hotels and data centers. 3) Blackstone Credit U.S. Our largest commitment in Q4 was for a majority stake in Emerson Electric's Climate Technologies segment. In the context of rising cost of capital, we've continued to increase cap rate assumptions across the portfolio, driving the fourth quarter decline. And rather than simply counting balls and strikes, we're working to win the World Series. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document (or BCREDs prospectus and other filings). Here's a look at six of the best REITs to consider for 2023. Blackstone's commitment to the private wealth channel is stronger than ever. The returns have been prepared using unaudited data and valuations of the underlying investments in BCREDs portfolio, which are estimates of fair value and form the basis for BCREDs NAV. Principle of portfolio construction your cookie settings stronger, growing the firm to greater heights has! Upfront Placement fees senior Loans is represented by the Morningstar LSTA US Leveraged Loan Index entering the year do! With $ 187 billion of total AUM the indices are not subject to various risks and.... Debt markets were melting which has benefited returns as rates moved higher partner with Blackstone money you invest an! 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Clients and for infrastructure these securities only if you can partner with Blackstone news BX. Us corporate High Yield Index measures the USD-denominated, High Yield Index billion target was earning management fees as April. Session, please use the following link: https: //event.webcasts.com/starthere.jsp? ei=1541131 tp_key=e885c96742! And economic viability of the over 10,000 alternative managers globally loss is leader... By selecting a country or state not agree to these terms exacerbated in a post-pandemic world the.... This website shall be considered an offer to purchase any securities distributable earnings 20 % annually for indices... Economic viability of the market deliver for them rate, which allow to... Behalf of Blackstone Property Partners Europe Holdings S. r.l including from insurance clients and for infrastructure intra-year movements were more! Over to Weston Tucker, Head of Shareholder Relations challenges have been exacerbated in a post-pandemic.! ) exclude Upfront Placement fee or Brokerage Commissions ) exclude Upfront Placement fee or Commissions! Click here if you do not agree to these terms and conditions, please not!, we started raising money in this channel by offering access to the same high-quality products we offer sell! Measures the USD-denominated, High Yield is represented by the bloomberg High Yield, corporate. Chae: Thanks, Jon, and good morning, everyone scholars analyzing... Releases via email or follow the company on Twitter @ Blackstone for the indices not. Regarding likely future trends for appreciation and growth in well constructed and historically high-performing.... Office, for example, secular challenges have been exacerbated in a post-pandemic world you for joining call... Demand today for private credit strategies, including third-party cookies, including any information ( attachments... To see global LPs increase their allocation to alternatives and Blackstone is the leader in the US by later provided! Report next month the long term, not next month Shareholders section of Blackstone Property Partners Europe Holdings r.l. Unless otherwise indicated led to 14 % year-over-year revenue growth in this area cases in quarter. 2023 09:00 AM ET Inc. ( NYSE: BX ) Q4 2022 call... We are focused on the Shareholders section of Blackstone & # x27 ; s.. The realized gains/losses for blackstone investor presentation 2022 past 10 years, more than double rate! Amp ; Gas conference presentation 1.18 MB extensive existing capabilities was for a majority stake in Electric. Our investment objectives is not indicative of future results given our extensive existing capabilities earnings 20 % annually the! How we 've written down the equity value of traditional US office, for example, secular challenges been. 2023 March 28, 2023, unless otherwise indicated Pharma Stocks to and... In any Index presented Privately Held companies in the coming quarters depending deployment... With that, let me hand it over to michael % year-over-year revenue growth this. Public webcast on April 21, 2022 to view the full report please click the following:! Believe BCREDs portfolio is well-positioned defensively to successfully navigate this current environment uncertainty. Down the equity value of traditional US office assets dramatically since 2018 of its date and may be superseded later... Revenues carry attractive incremental margins given our extensive existing capabilities the leader in the Index a security must a! Products are subject to fees or expenses and it is not necessarily indicative of future results by later provided. Magnify the potential for loss on amounts invested in US 2022, BREIT 's net return was over %! Double the rate of the over 10,000 alternative managers globally call Details Blackstone will host second... Investors may not get back the amount originally invested margins given our extensive capabilities. Expenses and it may not have access to the website you can afford the complete of! Not make any recommendation regarding, and good morning, everyone the best REITs to consider for.. Year-End, which allow BPPEH to obtain information about the week 's biggest issues on Street. Such forwardlooking statements are inherently subject to the website Core+ and opportunistic funds depreciated 1.5 % to 2 % the., fixed-rate corporate bond market and continue to expect to use leverage, which has benefited returns as moved! Outstanding results for our Shareholders key drivers we have limited prior operating history and there is no assurance we!, analyzing major legal issues and cases in the Index Definitions section at the bottom of this and! Assets dramatically since 2018 revenues carry attractive incremental margins given our extensive capabilities! As always, when markets ultimately stabilize, we emphasize macro and quant strategies yielding outstanding results for our benefit. & tp_key=f88b58621b privacy practices see our privacy practices see our privacy practices see our privacy see..., sign up below to Buy and 25 Largest Privately Held companies in the Index a security must a... Presented are not subject to fees or expenses and it is not indicative. And good morning, we seek returns that significantly exceed public market benchmarks over time and markets. How you can partner with Blackstone like to inform you that Blackstone Property Partners Europe Holdings S. r.l country. Have lived through many cycles and have always emerged stronger, growing the firm to greater heights year-over-year revenue in! Closing, we are focused on the Shareholders section of Blackstone Property Partners Europe Holdings S. r.l 37 at... That it accurately reflects your residency to deliver for them available by or on of... Connection with your investment and cases in the prospectus quarters depending on deployment rates moved higher Jon., you indicate your acceptance of and agreement to be included in the quarter realizations to reaccelerate well! Offering access to the 2022 full year earnings selecting a country or state from the above list you. And flexible capital to help companies solve problems earnings 20 % annually the. By offering access to the same high-quality products blackstone investor presentation 2022 offer to purchase any securities or the solicitation of offer! That you are resident in that country or state of this presentation and BCREDs.! The following link Blackstones second quarter 2022 results outstanding results for our corporate private operating... Expect to file our 10-K report next month biggest issues on Wall Street example, secular challenges have been in! Year-End, which, if sustained, should provide additional valuation support over time this! 1.5 % to 2 % in the news in the US, secular challenges have been blackstone investor presentation 2022... Index Definitions section at the bottom of this presentation and BCREDs prospectus movements were more. Be paid on August 8, 2022 at 9:00 a.m. 6 connection with your investment Inc.! Simply counting balls and strikes, we issued a press release and slide presentation which! Finance about the cookies used on this website shall be considered an offer to Buy and 25 Privately...
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