Blackstone (BX) announced a preliminary estimate regarding revenue it expects to record related to realization activity for the period from October 1 to December 23. Based on information currently available, Blackstone preliminarily expects to record total Realized Performance Revenues and total Realized Principal Investment Income for this period in excess of $775M. This estimate includes revenue related to investment realizations closed to date in the fourth quarter, as well as certain non-fee related incentive fees that are included in Realized Performance Revenues and other investment income expected to be realized at quarter end, and is comprised of approximately 95% Realized Performance Revenues and approximately 5% Realized Principal Investment Income.
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Read More on BX:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
