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The Blackstone Group L.P. Message Board

sam_0534 234 posts  |  Last Activity: Jan 30, 2015 8:27 PM Member since: Feb 8, 1998
  • in one year. did you hear that? long 600 here...sold 200 yesterday..

    Sentiment: Hold

  • Reply to

    4th Quarter dividend prediction

    by lucysarik Nov 18, 2014 10:23 PM
    sam_0534 sam_0534 Nov 19, 2014 8:34 AM Flag

    dont know how you can predict that !!!!!!!!! quarter is not over...subjective opinion is not needed here...unless you have some concret facts....but dividend is looking GOOD :)

    Sentiment: Strong Buy

  • By Greg Roumeliotis

    NEW YORK (Reuters) - Bl#$%$ckstone Group LP(BX) h#$%$s re#$%$ched out to its biggest fund investors #$%$bout investing in #$%$ new investment vehicle with #$%$ longer investment horizon th#$%$n the typic#$%$l 10-ye#$%$r priv#$%$te equity fund, #$%$ccording to people f#$%$mili#$%$r with the m#$%$tter.

    Dubbed "core" priv#$%$te equity, this vehicle would invest in slower-growing but s#$%$fer comp#$%$nies, use less debt in buyouts #$%$nd ch#$%$rge investors lower fees th#$%$n most priv#$%$te equity funds, these people s#$%$id. Bl#$%$ckstone is seeking #$%$s much #$%$s $2 billion #$%$piece from five to six of its biggest public pension fund #$%$nd sovereign we#$%$lth fund investors for the str#$%$tegy, the people s#$%$id.

    #$%$spects of the str#$%$tegy, including the ex#$%$ct fees #$%$nd holding periods for investments, #$%$re still being worked out, these people s#$%$id. They #$%$dded th#$%$t the ide#$%$ is still #$%$t #$%$n explor#$%$tory st#$%$ge #$%$nd m#$%$y not t#$%$ke off.

    #$%$ Bl#$%$ckstone spokesm#$%$n declined to comment. The biggest investors in Bl#$%$ckstone's funds include the C#$%$liforni#$%$ Public Employees' Retirement System, the New Jersey St#$%$te Investment Council #$%$nd Chin#$%$ Investment Corp.

    The move underscores how Bl#$%$ckstone is looking to boost its v#$%$lu#$%$tion #$%$s #$%$ publicly listed comp#$%$ny by m#$%$n#$%$ging more perm#$%$nent c#$%$pit#$%$l #$%$nd further diversifying its model of buying #$%$nd selling comp#$%$nies. Bl#$%$ckstone is #$%$lre#$%$dy the world's l#$%$rgest #$%$ltern#$%$tive #$%$sset m#$%$n#$%$ger, with $284.4 billion in #$%$ssets under m#$%$n#$%$gement #$%$s of the end of September sp#$%$nning priv#$%$te equity, re#$%$l est#$%$te, credit #$%$nd funds of hedge funds.

    #$%$ higher stock v#$%$lu#$%$tion would benefit Bl#$%$ckstone sh#$%$reholders, of whom the comp#$%$ny's employees form the l#$%$rgest group. Chief Executive Stephen Schw#$%$rzm#$%$n is the biggest holder by f#$%$r, owning #$%$bout #$%$ fifth of the firm. In 2013, Schw#$%$rzm#$%$n collected $352.5 million from dividends from his Bl#$%$ckstone sh#$%$res.

    The new str#$%$tegy #$%$lso would help Bl#$%$ckstone #$%$ddress wh#$%$t h#$%$s been #$%$ frustr#$%$tion for some buyout firms #$%$nd #$%$ source of envy when they comp#$%$re their investment vehicles with W#$%$rren Buffett'sBerkshire H#$%$th#$%$w#$%$y Inc.(BRK/#$%$) In this vehicle, Bl#$%$ckstone would not be forced to sell successful comp#$%$nies too soon bec#$%$use the fund is running out of time.

    Most priv#$%$te equity investors however, #$%$lso known #$%$s limited p#$%$rtners, prefer the tr#$%$dition#$%$l buyouts bec#$%$use they deliver high #$%$nnu#$%$lized returns. The prospect of lower returns m#$%$y not be #$%$n e#$%$sy sell.

    "The f#$%$ct th#$%$t investors will p#$%$y lower fees is positive. But the question is whether the net returns will still be high enough to justify investing in such #$%$ product #$%$s opposed to publicly listed stocks," s#$%$id Steven K#$%$pl#$%$n, #$%$ University of Chic#$%$go fin#$%$nce professor whose rese#$%$rch focuses on priv#$%$te equity.

    In June, #$%$t Bl#$%$ckstone's #$%$nnu#$%$l sh#$%$reholder meeting, President Tony J#$%$mes #$%$cknowledged th#$%$t the core priv#$%$te equity model would h#$%$ve ch#$%$llenges. Limited p#$%$rtners in its funds would likely s#$%$y no to the prospect of #$%$ 10 percent to 12 percent return for #$%$ high-qu#$%$lity comp#$%$ny when they c#$%$n get 18 percent to 20 percent for priv#$%$te equity, J#$%$mes s#$%$id. But he #$%$dded th#$%$t there could be w#$%$ys #$%$round th#$%$t.

    The "core" model #$%$ppro#$%$ch h#$%$s #$%$lre#$%$dy been #$%$pplied to some #$%$ltern#$%$tive #$%$sset cl#$%$sses. Core re#$%$l est#$%$te, for ex#$%$mple, involves investing in s#$%$fer, long-le#$%$se #$%$ssets with less debt r#$%$ther th#$%$n riskier fixer-upper properties.

    Bl#$%$ckstone, b#$%$sed in New York, beg#$%$n investing in wh#$%$t it c#$%$lls core-plus re#$%$l est#$%$te this ye#$%$r through sep#$%$r#$%$tely m#$%$n#$%$ged investor #$%$ccounts before combining them into #$%$ co-mingled fund.

    Bl#$%$ckstone is emb#$%$rking on its core priv#$%$te equity initi#$%$tive #$%$lso through sep#$%$r#$%$tely m#$%$n#$%$ged #$%$ccounts, the people s#$%$id.

    #$%$ few firms such #$%$s Gener#$%$l #$%$tl#$%$ntic LLC #$%$nd Golden G#$%$te C#$%$pit#$%$l h#$%$ve #$%$lso r#$%$ised so-c#$%$lled evergreen or perpetu#$%$l funds to invest in priv#$%$te equity, but they t#$%$rget the higher returns th#$%$t Bl#$%$ckstone's tr#$%$dition#$%$l priv#$%$te equity business does.

    FIRST PITCH

    Bl#$%$ckstone, which does not w#$%$nt to #$%$b#$%$ndon its est#$%$blished priv#$%$te equity business, h#$%$s h#$%$d to look #$%$t #$%$ differenti#$%$ted "core" str#$%$tegy to #$%$void conflicts with its tr#$%$dition#$%$l priv#$%$te equity funds, the sources s#$%$id.

    The firm first m#$%$de its pitch on the new str#$%$tegy to investors l#$%$st summer #$%$t its #$%$nnu#$%$l limited p#$%$rtner summit in #$%$ confidenti#$%$l present#$%$tion, #$%$ copy of which w#$%$s seen by Reuters.

    Limited p#$%$rtners were told #$%$ 20-ye#$%$r core priv#$%$te equity fund could deliver 1.8 times the profit on c#$%$pit#$%$l invested in succession over the s#$%$me period in three convention#$%$l priv#$%$te equity funds. The ex#$%$mple #$%$ssumes #$%$ 12 percent intern#$%$l r#$%$te of return for #$%$ core priv#$%$te equity fund #$%$nd 20 percent IRR for #$%$ tr#$%$dition#$%$l fund.

    This is bec#$%$use only up to two-thirds of the c#$%$pit#$%$l committed to #$%$ tr#$%$dition#$%$l priv#$%$te equity fund is invested #$%$t #$%$ny one time, limited p#$%$rtners were told. #$%$s #$%$g#$%$inst th#$%$t, Bl#$%$ckstone would invest the entire c#$%$pit#$%$l r#$%$ised in #$%$ core priv#$%$te equity in one-go. The costs of buying #$%$nd selling comp#$%$nies #$%$lso #$%$dd up over time, #$%$ccording to the present#$%$tion.

    The popul#$%$rity of the str#$%$tegy m#$%$y come down to the fees investors #$%$re ch#$%$rged.

    While these h#$%$ve not been decided, Bl#$%$ckstone in its limited p#$%$rtner present#$%$tion offered #$%$n ex#$%$mple of #$%$ core fund th#$%$t took 15 percent of profits in the form of c#$%$rried interest, #$%$ divergence from the #$%$lmost univers#$%$l 20 percent industry st#$%$nd#$%$rd in priv#$%$te equity.

    Sentiment: Strong Buy

  • Columbia Management, which oversees more than $350 billion, is joining with Blackstone Group LP (BX) to increase retail investors’ access to hedge fund strategies.

    Blackstone Alternative Asset Management agreed to research and develop an investment offering, according to a statement today from the Columbia business at Ameriprise Financial Inc. (AMP) Class A shares of the mutual fund will be available to the general public with a minimum initial investment of $2,000 for most buyers, and the maximum sales charge is listed #$%$75 percent. Blackstone funds will be included as part of Columbia’s offerings, according to a prospectus.

    Asset managers have been adding alternative mutual funds to win clients and generate fee revenue. The offerings use approaches traditionally employed by hedge funds, such as betting against stocks through short sales or investing in non-traditional assets, including leveraged loans and commodities. Boston-based Columbia in June hired William Landes from Gottex Fund Management Holdings Ltd. to expand specialized strategies.

    “The objective is modest volatility, downside-risk protection and diversification against the other assets in the portfolio,” Landes said in an interview today. “I would argue if a category like alternatives is able to deliver that, it is applicable to anyone’s portfolio.”

    Alternative mutual funds had about $158 billion at the end of October, compared with $111 billion 18 months earlier, according to Chicago-based researcher Morningstar Inc.

    Blackstone’s alternatives unit is the largest investor in hedge funds, with $64 billion under management. Chief Executive Officer Steve Schwarzman said in April that individuals allocate too little to alternative assets, especially compared with institutional investors. Blackstone last year worked with Fidelity Investments on a mutual fund to wager on hedge funds, an offering that required a minimum $50,000 investment.

    Demystification

    Larry Zimpleman, the CEO of Principal Financial Group Inc., and Apollo Global Management LLC co-founder Josh Harris have questioned whether alternatives might be too complicated for some retail investors.

    “When people start talking about ETFs and liquid alts and private equity and all of that stuff, I too chuckle a little bit,” Zimpleman said in a conference call in April in response to a question about including exchange-traded funds and other options in 401(k) plans. “It’s really hard to see how that is something that can be easily explained.”

    Sentiment: Strong Buy

  • sam_0534 sam_0534 Nov 18, 2014 1:17 PM Flag

    hard to predict this quarters earnings and dividends..but with all the transactions should be a WINNER

    Sentiment: Strong Buy

  • Free Daily Newsletter subscribe Terms & Conditions
    What Blackstone’s Offering Will Mean for La Quinta
    By Chris Lange November 18, 2014 12:45 pm EST

    Print Email
    inShare


    La Quinta Holdings Inc. (NYSE: LQ) announced Monday that it will have a secondary offering of 20 million shares from certain selling stockholders affiliated with Blackstone Group L.P. (NYSE: BX). Underwriters will have an option to purchase an additional 3 million shares of common stock.

    The underwriters for the offering are J.P. Morgan, Morgan Stanley, Bank of America Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Wells Fargo, EA Markets, Lebenthal Capital Markets, Ramirez & Co., Evercore ISI, Loop Capital Markets, Raymond James, JMP Securities, Mischler Financial Group, RBC Capital Markets and Stifel.

    Blackstone owns more than 82 million shares of La Quinta as of the end of September, which equates to almost a 63% ownership of shares outstanding.

    Using Monday’s closing price of $20.04 to value the proposed 20 million shares, the total offering would be worth almost $400.1 million.

    Read more: What Blackstone's Offering Will Mean for La Quinta (NYSE: BX) (NYSE: LQ) -

    Sentiment: Strong Buy

  • I think the new CFO is a big move and indication of things to come...stocastics in buy mood....

    Sentiment: Strong Buy

  • Reply to

    my technical comment....

    by sam_0534 Nov 18, 2014 12:22 AM
    sam_0534 sam_0534 Nov 18, 2014 9:45 AM Flag

    I agree that stocastics can stay overbought for a long time and I have made mistakes selling when overbought.......just another indicator and best to take all into consideration together with the fundamentals.. what has kept me in BX since first bought on 7 October 2012 at 14.27 :)...so what does your indicator show?

    Sentiment: Strong Buy

  • Type messagehttp://stockcharts.com/h-sc/ui

  • well I am an engineer and love technical analysis..also was a stock broker with E. F. Hutton and own over 3,000 BX..my largest position...there are several MDA formats....the one I use shows these numbers..50 dma 30.76, 200 dma 31.29 and 100 dma is 31.77.....some charts do not adjust for dividends....this one does... so BX is above all 3....as I have mentioned I saw a head shoulder reversal..bottom to neckline is about 4 points..so the measured move is from the 31 NL up 4 to 35 objective or old adjusted high..of course I thinnk it should go up more... I would buy more excpt the stocastics show overbought so not a low risk buy for me...

  • Reply to

    WOW another great deal.. BX is delivering...

    by sam_0534 Nov 17, 2014 7:44 PM
    sam_0534 sam_0534 Nov 17, 2014 7:45 PM Flag

    BX selling 20 millions of PF willhave 40 million shares left..

  • Nov 17 (Reuters) - Blackstone Group LP has reached a deal to sell a Manhattan office tower for about $2.25 billion to a venture led by Canadian property investor Ivanhoe Cambridge, the Wall Street Journal reported, citing people familiar with the terms of the sale.

    The deal for the 1095 Avenue of the Americas building, if completed, would represent the second most expensive sale of an individual office building in U.S. history, the Journal reported. (http://on.wsj.com/11eMwF6)

    Ivanhoe, the real-estate arm of public pension fund Caisse de Dépôt et Placement du Québec, has been active in recent years, buying towers in Seattle and New York, the report added.

    Sentiment: Strong Buy

  • by sam_0534 • Nov 3, 2014 8:37 PM Remove
    Blackstone Group LP (BX) is close to a deal to sell IndCor Properties Inc., an owner of U.S. industrial real estate, to investors led by Singapore’s GIC Pte for more than $8 billion, said two people with knowledge of the matter.

    The GIC partnership is seeking $5 billion in debt to finance the acquisition, said one of the people, who asked not to be identified because the negotiations are private. The two sides have reached an agreement in principle that could still fall apart, another person said.

    Peter Rose, a spokesman for New York-based Blackstone, and Jennifer Lewis, a spokeswoman for GIC, Singapore’s sovereign-wealth fund, declined to comment.

    IndCor had planned to raise about $1 billion through an initial public offering, which would have valued the company at about $8 billion, a person with knowledge of the plans said in August. A private sale would give Blackstone an assured profit on a major asset at a time when stocks have been volatile.

    IndCor, based in Chicago, said on Sept. 8 that it confidentially filed with the Securities and Exchange Commission for an IPO as a real estate investment trust. IndCor could still go public should Blackstone and the GIC group fail to reach a definitive agreement, said one of the people with knowledge of the plans.

    Blackstone, the world’s biggest private-equity firm, started accumulating property in 2010 to build the industrial landlord. IndCor has about 118 million square feet (11 million square meters) of warehouses throughout the U.S. Less

    Sentiment: Strong Buy

  • Pinnacle Foods Commences Secondary Offering of 20 Mln Shares, Concurrent Repurchase of 1 Mln Shares of Common Stock
    MIDNIGHT TRADER 2:56 PM ET 11/17/2014
    Symbol Last Price Change
    PF 33.72down 0.07 (0.21%)
    QUOTES AS OF 04:03:18 PM ET 11/17/2014

    05:56 PM EST, 11/17/2014 (MT Newswires) -- Pinnacle Foods(PF) is lower in the after hours session after it said certain of its stockholders intend to offer for sale in an underwritten secondary offering 20 million shares of the company's common stock.

    Shares are down 3.62% at $32.50, with a 52-week range of $26.09 - $35.67.

    The company also said that, conditional upon and concurrent with the closing of the offering, it plans to repurchase one million shares of its common stock from affiliates of Blackstone (BX) at the net offering price in a private, non-underwritten transaction.

    Blackstone's ownership in PF, upon the successful completion of these transactions, would total 19%. This excludes the exercise of the overallotment option in which the bookrunners for this offering will have an option to purchase up to an additional 3 million shares from the selling stockholders affiliated with Blackstone.

    BX shares are down 0.06% at $32 in late trading, with a 52-week range of $26.15 - $36.08.

    Price: 32.50, Change: -1.22, Percent Change

  • making new highs today at 21.75...I dont think BX sold any on the IPO.... to be noted a coupld other IPOs are not doing well.. for now :)

    Sentiment: Strong Buy

  • Blackstone, for example, invested $300 million in Indian solar companyMoser Baer Projects in 2010. Warburg Pincus led a $75 million financing round in 2009 for Suniva, a U.S.-based manufacturer of solar cells. And Impax has big money invested in on-shore wind farm plays in Finland, Ireland, France and Germany—with plans for even more from its about $400 million New Energy Investors II fund.In 2012, Blackstone invested $1.5 billion in Cheniere Energy Partners to help it build the first natural gas liquefaction export facility in the continental U.S. The project, still under construction, will be one of the first links between massive American gas reserves and the global oil market. Blackstone has approximately $8 billion of equity invested in energy globally.

    Sentiment: Strong Buy

  • Reply to

    What if EU gets QE by first week of December?

    by crzace Nov 16, 2014 1:42 AM
    sam_0534 sam_0534 Nov 16, 2014 8:38 PM Flag

    by sam_0534 • Nov 3, 2014 8:37 PM Remove
    Blackstone Group LP (BX) is close to a deal to sell IndCor Properties Inc., an owner of U.S. industrial real estate, to investors led by Singapore’s GIC Pte for more than $8 billion, said two people with knowledge of the matter.

    The GIC partnership is seeking $5 billion in debt to finance the acquisition, said one of the people, who asked not to be identified because the negotiations are private. The two sides have reached an agreement in principle that could still fall apart, another person said.

    Peter Rose, a spokesman for New York-based Blackstone, and Jennifer Lewis, a spokeswoman for GIC, Singapore’s sovereign-wealth fund, declined to comment.

    IndCor had planned to raise about $1 billion through an initial public offering, which would have valued the company at about $8 billion, a person with knowledge of the plans said in August. A private sale would give Blackstone an assured profit on a major asset at a time when stocks have been volatile.

    IndCor, based in Chicago, said on Sept. 8 that it confidentially filed with the Securities and Exchange Commission for an IPO as a real estate investment trust. IndCor could still go public should Blackstone and the GIC group fail to reach a definitive agreement, said one of the people with knowledge of the plans.

    Blackstone, the world’s biggest private-equity firm, started accumulating property in 2010 to build the industrial landlord. IndCor has about 118 million square feet (11 million square meters) of warehouses throughout the U.S. Less
    Sentiment: Strong Buy

  • Reply to

    What if EU gets QE by first week of December?

    by crzace Nov 16, 2014 1:42 AM
    sam_0534 sam_0534 Nov 16, 2014 11:23 AM Flag

    anything is possible :)... I am waiting for the big 12 Billion deal to close..will call BX tomorrow...

    Sentiment: Buy

  • is why the analyst earnings estimates here on Yahoo has come down so much for this last quarter....with the strong market now and allthe recent transactions it is confusing....of course I think they are wrong and just not up to date....

    Sentiment: Strong Buy

  • By Liana B. Baker

    Nov 14 (Reuters) - John Trousdale, vice chairman of global mergers and acquisitions at Credit Suisse AG, will leave the Swiss bank to join the new advisory firm headed by star investment banker Paul Taubman, according to people familiar with the matter.

    The move represents one of Taubman's biggest hires since he announced last month that he would lead the carve-out of Blackstone Group LP's advisory arm. The tax-free spin-off is expected sometime in 2015.

    New York-based Trousdale, 52, will leave Credit Suisse at the end of January, the people said, requesting anonymity because the matter was not yet public. Trousdale and a spokesman for Credit Suisse declined to comment. Taubman could not be reached for comment.

    Trousdale joined the Swiss bank in 2003 and also served as a former co-head of the media and telecoms M&A group. He joined Credit Suisse from Merrill Lynch, where he had been a co-head of global media.

    Since Taubman left Morgan Stanley in 2012, he has been behind some of the biggest media and telecom mergers, including Comcast's proposed acquisition of Time Warner Cable and Verizon's $130 billion deal to buy out Vodafone's stake in its wireless venture.

    In October, Blackstone said it would merge its advisory business into Taubman's firm, which currently has about a dozen employees. Taubman will be chairman and CEO of the publicly traded company that could be valued at $1 billion to $2 billion, Reuters previously reported.

    Combined with Blackstone's advisory business, PJT Partners will advise companies on mergers and acquisitions as well as debt restructurings. It will also help private equity and other alternative investment funds with their fundraising efforts.

    Sentiment: Strong Buy

BX
37.34+0.48(+1.30%)Jan 30 4:03 PMEST

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