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Blackstone - $BX

BlackRock's HPS fund paid about $600M of $1.2B requested, Unicus Research founder finds
12 arguments: why she thinks private-credit defaults are understated, how collateral was pledged twice, and why AI data-center debt is the first thing…
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2 years to the first deal, then 6 deals in year one, Cornell Communities' founder finds
13 principles: why owning the land beats owning the homes in mobile home parks, how deal structure sets a sponsor's pay, big fund versus small fund, and…
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Arcesium SVP: the push for one private-markets data standard has to come from big LPs
8 arguments: Why private-markets data still moves by file transfer, how evergreens and secondaries force faster marks, and why private credit will open…
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Blue Owl co-CEO on retail credit funds: "You would have missed out on 600 basis points"
14 arguments: why Blue Owl's loan losses ran 12 basis points over 10 years, why outsiders set every mark, and why its data center bet rests on Microsoft…
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Roaring Brook founder: $3.5 trillion sits unrealized on PE firms' books
8 takeaways: why "ABC" (always be closing) fails with LPs, the double-gated funnel behind every fund check, and the secondary market that's barely been…
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Animal Spirits on bonds: "the worst 10-year real return ever for the Agg"
16 calls: why 40% of S&P 500 stocks are down while the index sits near a record, why the hosts are buying 5% bond yields, and an AI assistant that…
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"Perhaps the greatest business story I've ever seen": Bill Ackman on Anthropic
9 moments: why Howard Hughes will cut its real estate equity by up to 80%, why he calls his fund's discount a marketing problem, and the brain institute…
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"Default rates are basically sitting around 2%": Hamilton Lane co-CEO on private credit
10 arguments: why a fund stake bought at 65 cents goes on the books at a dollar, why only 20 firms raise from individuals, and why the SpaceX gains went…
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Marlton LLC founder: the private credit boom is over and no new money is flowing in
16 takeaways: why he is buying public BDCs at 60 to 65 cents on the dollar, why BDC mergers will come at NAV or above, and why Pershing Square earns a…
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DBi co-founder: our replication strategy has beaten 95% of big hedge funds for a decade
8 takeaways: why "trend following" is the worst name in finance, the 54% edge that compounds into a decade-long track record, and the manager who hid a…
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Hyderabad went from 50M to 160M sq ft of offices in a decade, says India's top REIT
8 insights: How Telangana engineered the talent before the tenants arrived, why Bharat Biotech's chairman wants the state to stay out of the way, and…
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"Any scarce resource has a premium to it": Royal Challengers' CEO on IPL value
8 arguments: Why a group including Blackstone paid $1.75B for one cricket team, the media-rights plateau a commentator sees coming, and why the players…
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