BX

Blackstone Group Inc (The) - Ordinary Shares - Class A

Finance/Real Estate


Presented:03/24/2020
Price:$39.92
Cap:$45.69B
Current Price:$156.32
Cap:$190.93B

Presented

Date03/24/2020
Price$39.92
Market Cap$45.69B
Ent Value$55.45B
P/E Ratio13.19x
Book Value$5.91
Div Yield4.88%
Shares O/S1,144.47M
Ave Daily Vol6,190,431
Short IntN/A

Current

Price$156.32
Market Cap$190.93B
The Blackstone Group, Inc. engages in the provision of investment and fund management services. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Private Equity segment consists of flagship corporate private equity funds, Blackstone Capital Partners funds, sector-focused corporate private equity funds, including energy-focused funds, Blackstone Energy Partners funds, and core private equity fund, Blackstone Core Equity Partners. The Real Estate segment includes management of core real estate fund and non-exchange traded restate investment trusts. The Hedge Fund Solutions segment comprises of Blackstone Alternative Asset Management, which manages hedge funds and includes Indian-focused and Asian-focused closed-end mutual funds. The Credit segment includes GSO Capital Partners LP, which manages credit-oriented funds. The company was founded by Stephen Allen Schwarzman in 1985 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Apollo Global Management Inc (APO), Blackstone Group Inc/The (BX), EQT AB (EQT SS), Hamilton Lane Inc (HLNE), KKR & Co Inc (KKR), Partners Group Holding AG (PGHN SW)

Highlights

The presenter is bullish regarding alternative asset managers (alts) and is long shares of The Blackstone Group Inc (BX). In his view, commonly cited bear cases are based on misconceptions of credit exposure. In the meantime, BX and other alts such as KKR and Apollo (APO) are taking advantage of the dislocation by aggressively buying the credit in their own portfolio companies at major discounts to par. He sees the potential for these players to double as the bear thesis proves incorrect with additional long-term upside. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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