2min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

Get ready for a real estate collapse

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

Blackstone's Breet Fund - A Significant Driver for Revenue for Blackstone

This fund returned about 15%. They say safely to investors over the past three years or so on an annual basis. The investor is pouring in over $2 billion a month, a month into this investment through 2021 and most of this year. It's 1.25% of that assets on breach, and not so bad, right? But of course they also charge a performance fee of 12.5% and has a hurdle rate of 5% of the company's cost of capital for the fund.

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