Tero Vesalainen Co-authored with Hidden Opportunities Background on Why We are Discussing this topic Enstar Group Limited (ESGR), a leader in runoff insurance, announced last month that global investment firm Sixth Street has offered to acquire them for a total equity value of $5.1 billion, or $338.00 in cash per share. The transaction is expected to close in mid-2025 subject to approval by Enstar's shareholders, regulatory approvals, and other customary closing conditions. According to the terms of the mer ...

Digital Vision./DigitalVision via Getty Images On Sept. 5, the 2024/2025 NFL Season will start with a match between the Baltimore Ravens and the defending champions, the Kansas City Chiefs. If the 2023/2024 season was any indication, this is going to be a great game! That said, did you know that in 2022, the National Football League generated $18 billion in revenue? That's according to a list compiled by Wikipedia. This number makes it the biggest league in the world - by a huge margin. Number two on the li ...

Adam Gault In this article, we discuss the latest quarterly results from the Business Development Company (“BDC”) Blackstone Secured Lending Fund (NYSE:BXSL). The company delivered a 4.2% total NAV return, one of the best Q2 results in our coverage. BXSL is a large BDC with a focus on upper middle-market borrowers. It has overweight exposure to software and healthcare companies, something we see across most other BDCs. BXSL is trading at an 11% premium to book value (about 8% rich to the average in our ...

maselkoo99 Self-made billionaires, Jon Gray and Steve Schwartzman, who lead the private equity powerhouse Blackstone (BX), have been pouring billions into REITs (VNQ) this year. They first acquired Tricon Residential (TCN) in a $3 billion transaction in January and paid a ~30% premium for it: YCHARTS Then they doubled down and acquired Apartment Income REIT (AIRC) in a huge $10 billion transaction in April and paid a ~25% premium this time: YCHARTS And now, they are rumored to be in talks to acquire ...

jittawit.21/iStock via Getty Images In recent months, we have witnessed accelerated dealmaking and capital deployment at Blackstone (NYSE:BX), which we believe will provide a material boost to fee-related earnings in the coming quarters. Some of Blackstone's major recent transactions include a US$10bn deal for Apartment Income REIT and a US$3.5bn deal for Tricon Residential. According to a recent media interview with Nikkei Asia, Blackstone President Jonathan Gray also shared that the company is target ...

Blackstone Inc. (BX) remains well-poised for growth on the back of rising assets under management (AUM), a solid revenue mix and improving fee income. However, a rising expense base and a tough macroeconomic backdrop triggering fund outflows remain concerns.Blackstone’s solid global presence enables broad diversification and organic growth prospects. While segment revenues dipped in 2023, the metric reflected a six-year (2017-2023) compound annual growth rate (CAGR) of 5.3%. The growth was primarily driven ...

Henrik Sorensen Blackstone Secured Lending (NYSE:BXSL) easily managed to cover its second quarter dividend pay-out with net investment income, and the business development company maintained high credit quality in its portfolio in 2Q24 as well. With a non-accrual ratio, based on fair value, of 0.3%, Blackstone Secured Lending has one of the most attractive credit profiles that I have seen in the business development company sector. Investors have to pay a premium of 10% for the BDC’s net asset value, bu ...

ST. LOUIS and NEW YORK, Aug. 13, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) announced today that it has completed the sale of its remaining interest in the Copeland joint venture, the 40% common equity ownership stake, to private equity funds managed by Blackstone ("Blackstone").As a standalone company focused on serving the global HVAC and refrigeration market, Copeland's product portfolio includes market-leading compressors, controls, thermostats, valves, software and monitoring solutions for residential, c ...

vaeenmaIntroduction With anticipation surrounding rate cuts coming soon, some BDCs have started to experience a pullback in their share price. The sector has enjoyed some nice capital appreciation over the past two years with many trading at high premiums above their NAVs. For me personally, I haven't added to any of my BDC holdings for over a year, but with Blackstone Secured Lending's (NYSE:BXSL) price below $30, I think the stock offers a decent entry point here. In this article, I discuss the compan ...

benjaminalbiach John Bogle was the founder of Vanguard and was an early proponent of index investing. The idea is that investing in a broadly diversified fund like the S&P 500 (SPY) gets you market returns without too much hassle, and in the meantime, you get to beat most active-managed funds out there. The problem with this model is, however, that it assumes everyone is in the same boat, and that a 1% dividend yield coupled with a mid- to high-single digit EPS growth rate gets you a decent total return ...