Posted on 12/02/2022 1:22:34 PM PST by PK1991
Edited on 12/02/2022 2:30:33 PM PST by Jim Robinson. [history]
Bloomberg
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I’m not a fan of illiquid investments that are designed with good times in mind….then comes a recession.
Especially bad when Democrats are in charge; they tend to not let a crisis go to waste.
The only Blackstone company I have given money to, indirectly through a retailer, makes a very nice griddle.
DIE BLACKSTONE, DIE
DIE BLACKSTONE, DIE
DIE BLACKSTONE, DIE
DIE BLACKSTONE, DIE
DIE BLACKSTONE, DIE
DIE BLACKSTONE, DIE
DIE BLACKSTONE, DIE
DIE BLACKSTONE, DIE
I think the problem here isn’t a question of whether Blackstone has a significant amount of money invested in real estate, but the current VALUE of that real estate at present. If it’s worth less than they planned, reported or ‘banked on’ then they’ve hit the solvency limit of investments. It would be illuminating to see exactly how much of that fund is actually ‘invested’ in real estate.
This article refers to BlackStone. You are correct about the relationship between the two. https://www.difference101.com/blackrock-vs-blackstone/
70% of redemptions are from Asia despite only 20% of the assets, so looks like some liquidity issues in Asia more than a Blackstone issue.
No - that was Blackrock. The folks at Blackstone are not nearly as woke as Blackrock. Most of these redemptions are coming from Asia.
Given the concentration of this withdraws is overwhelmingly from Asia despite minority of investors in the fund, it likely means some wealthy folks in Asia are having liquidity issues for whatever reason.
I think you are thinking of Blackrock
The real estate market in China is literally falling apart. The wealth of China is invested in real estate that presently has $0 valuation
Liquidity crisis is an understatement. Those in question are likely in reality no longer wealthy
No, it was not Blackrock.
Nor was it Blackstone.
It was Blackpebble.
That market’s RE has held up far longer than I would have ever expected when they build entirely empty cities and continue to value them at ever rising prices....never made much sense. China could easily have a Japan mid 80s moment here and never surpass the US GDP.
Lol - Blackrock is the $10T mutual fund and index fund firm leading the charge on forcing ESG down our throats and is most people’s 401ks. Blackstone is a private equity firm that invests money for very rich clients, generally in real estate estate of all types that the average american has no or limited access to invest. Some of their top guys have donated quite a bit to Republicans over the years. My last firm was owned multiple times over the last 20 years by Blackstone and I work in Investor Relations so very familiar with most of the big names and a large amount of small/medium size players.
We are screwed.
Our system of government was well crafted but as is often said, nothing is idiot-proof.
Not all libs are idiots but they put the many they have to good use for their plans
“Power tends to corrupt and absolute power corrupts absolutely. Great men are almost always bad men, even when they exercise influence and not authority; still more when you superadd the tendency of the certainty of corruption by authority.”
From an old white English dude.
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