Apax Global Alpha turns in ‘strong’ first-half performance
Apax Global Alpha reported a “strong” performance across its portfolio in the first six months of the year on Thursday, with a total net asset value return of 17.4%, or 14.9% at constant currency. Apax said its total adjusted net asset value increased to around €1.4bn (£1.19bn), with its adjusted net asset value per share […]
Blackstone doubles second quarter earnings on surging asset sales
Blackstone Group Inc (BX.N) said on Thursday its second-quarter distributable earnings nearly doubled year-on-year, driven by a surge in asset sales across its real estate, private equity and credit businesses. Blackstone’s shares rose 4.5% on Thursday morning, pushing its market capitalization to a record high of $131 billion, overtaking Goldman Sachs Group Inc (GS.N), another Wall Street heavyweight. […]
Blackstone CEO Schwarzman took home $610.5 million in 2020
Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed. Schwarzman, 74, received $86.4 million in compensation and $524.1 million in dividends from his […]
