We get the extra vig on the 26% yoy increase and a share of the $30B realizations to LPs! Best bookie, no risk, p/e business anywhere, always the vig and a share in the winnings!
Annual Chairman's Letter 2013: "A Year of Innovation"
Message from the Chairman
2013 was an outstanding year for Blackstone. We ended the year as the largest global investment manager in our class. We grew assets under management to $266 billion, which represents an increase of 26% year-over-year. Virtually every one of our businesses was the leader in its asset class and delivered superior performance, including realizations that returned $30 billion to our limited partner investors.