Friday, January 27, 2023

BS Earnings for Q4

Institutional investors want out of 7% of Blackstone Property Partners.  However, corporate private equity gained 3.8%. 

Its opportunistic and core real estate funds depreciated by 2% and 1.5%, respectively. Secondary funds fell 1.8% while corporate private equity and private credit funds gained 3.8% and 2.4%, respectively.
Word was that private equity lagged, i.e. lowered more slowly than the public market.  Some may have expected lower equity pricing to show for the greed and leverage boys in Q4.  Not so for Blackstone.