Exclusive: LPs push Blackstone to raise infra fund’s hurdle rate at ...

Jul 26, 2018 · Blackstone raised the hurdle rate on its infrastructure fund before its recent $5 billion first close after investors expressed concern the vehicle’s preferred return on …

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Exclusive: LPs Push Blackstone To Raise Infra Fund’s Hurdle Rate At ...

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Jul 26, 2018 · Blackstone raised the hurdle rate on its infrastructure fund before its recent $5 billion first close after investors expressed concern the vehicle’s preferred return on …

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Why LPs Don’t Stress When GPs Mess With The Pref

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Aug 9, 2018 · When Blackstone started marketing its debut infrastructure fund, it did so with a hurdle rate of just 5 percent. By the time it held a $5 billion first close this summer, that had …

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Why LPs Don’t Stress When GPs Mess With The Pref - Private Funds …

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Aug 5, 2018 · When Blackstone started marketing its latest infrastructure fund, it did so with a hurdle rate of just 5 percent. By the time it held a $5 billion first close this summer, that had …

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Where Are Hurdle Rates Trending? - Private Equity International

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Aug 29, 2018 · Hurdle rates hit the headlines after Blackstone‘s proposed 5 percent for its debut $40 billion infrastructure fund was rebuffed by some of the vehicle’s LPs, with one saying the …

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Infrastructure Funds Draw Billions Of Dollars As Energy And Supply ...

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Dec 15, 2023 · Fundraising has been sharply lower in 2023, with Brookfield’s recent raise representing almost two-thirds of the $45bn taken in by all infrastructure funds, according to …

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Blackstone Setting Sights On Affluent Investors With Infrastructure …

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Aug 7, 2024 · Blackstone Inc. debuted an infrastructure fund targeting individuals with at least $5 million of investments, departing from the paths of rivals such as KKR & Co. and Apollo Global …

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High Hurdle Rates Not Good For Investors In Infrastructure Funds

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Hurdle Rates are Stuck in the Past. Data shows that the hurdle rate of infrastructure funds have been stuck at 8% for the past 15 years. In effect, there is no difference between the hurdle …

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LPs Push Blackstone To Raise Infra Fund’s Hurdle Rate At First Close

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Jul 27, 2018 · Blackstone raised the hurdle rate on its infrastructure fund before its recent $5 billion first close after investors expressed concern the vehicle’s preferred return on …

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Blackstone Offering Discounts For LPs In Infra Fund’s First Close

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Jan 24, 2018 · Blackstone Group is offering fee discounts to limited partners who participate in the first close of its $40 billion, open-ended infrastructure fund, according to a Courtland Partners …

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Why LPs Don’t Stress When GPs Mess With The Pref

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Aug 2, 2018 · When Blackstone started marketing its latest infrastructure fund, it did so with a hurdle rate of just 5 percent. By the time it held a $5 billion first close this summer, that had …

privateequityinternational.com

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The Pipeline: Blackstone Infra Reaches $50bn, EQT Scopes …

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Jul 22, 2024 · First look Hitting milestones: Blackstone’s infra platform reaches $50bn (Source: Getty) Blackstone adds $2.9bn to $50bn coffers. Blackstone has put the fundraising woes of …

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Blackstone Confident, Sees ‘challenges’ To Saudi-backed Infra Fund

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Oct 19, 2018 · Blackstone, which admits it may face “near-term challenges” with the $40 billion infrastructure fund it is raising with Saudi Arabia’s sovereign wealth fund, is confident about its …

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Hurdle Rates: A Ticking Timebomb? - Adiant Capital

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Jul 30, 2021 · Ancala, a fund manager that specialises in mid-market infrastructure, invests both in core-plus and core assets, including regulated utilities, and offers a 9% hurdle rate. Clunie …

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FAQs about Exclusive: LPs push Blackstone to raise infra fund’s hurdle rate at ... Coupon?

Why did Blackstone raise hurdle rate?

Blackstone raised the hurdle rate on its infrastructure fund before its recent $5 billion first close after investors expressed concern the vehicle’s preferred return on investments was too low, according to two sources familiar with the matter. ...

Does Blackstone have a new 'BIP' hurdle?

Originally marketed at 5 percent, BIP’s new hurdle is the only term Blackstone has changed in more than 13 months of fundraising, both sources confirmed. One added there were “no economic changes” to BIP, which is targeting a 10 percent net internal rate of return (12 percent gross). ...

Should infrastructure funds have a high hurdle rate?

The intuition that a high hurdle rate is in the interest of investors in infrastructure funds does not correspond to reality or create virtuous incentives for asset managers to manage the risks of their investments. ...

Are Brookfield & Global Infrastructure Partners negotiating a lower hurdle rate?

Both Brookfield and Global Infrastructure Partners’ latest flagship infrastructure funds, which closed in 2020 and 2019, respectively, feature an 8% hurdle rate. Where managers have managed to negotiate a lower hurdle rate, it appears to be in exchange for structuring a different type of fund vehicle telling a different story. ...

What is the hurdle rate for Brookfield Super Core Infrastructure Partners?

The hurdle rate is 4%. Brookfield Super Core Infrastructure Partners has no hurdle rate at all, with incentive fees instead linked to quarterly cash distributions to LPs. One way of looking at this is that the hurdle rate is the tail wagging the asset management dog. ...

Do limited partners get 8% hurdle rate?

Nonetheless, limited partners (LPs) continue to demand – and get – their 8%. Both Brookfield and Global Infrastructure Partners’ latest flagship infrastructure funds, which closed in 2020 and 2019, respectively, feature an 8% hurdle rate. ...