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What does this mean for shareholders invested in Blackstone?
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@Xantia Hallo CashBurner 😊
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@Xantia it will certainly be advantageous for the respective fund investors, otherwise they would not do it. For Blackstone shareholders, the impact should be limited, as you as a Blackstone shareholder only benefit very indirectly from the performance of the portfolio companies of the individual funds... the majority of the proceeds go to the fund investors, then to the respective investment teams via the carry, and the rest to the company. Blackstone shareholders will mainly benefit from the AUM under management. To explain it with another - albeit not exactly comparable - case, it would be comparable if you ask what happens to e.g. the DWS share if a share that DWS only holds in one of its entire funds (e.g. some Polish share in a DWS Eastern Europe fund) gets e.g. a take over offer. Then it may have a small effect on the DWS Eastern Europe fund, but hardly on the DWS share.
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