Investor Presentaiton
INVESTMENT RECORDS AS OF JUNE 30, 2022 (a) - (CONT'D)
($/€ in thousands, except where noted)
Fund (Investment Period Beginning Date / Ending Date)
Private Equity (continued)
Tactical Opportunities
Committed
Capital
Available
Capital (b)
Unrealized Investments
Value
MOIC (c)
Realized Investments
Value
MOIC (c)
Total Investments
Value
MOIC (c)
Net IRRs (d)
Realized
Total
*Tactical Opportunities (Various)
$
*Tactical Opportunities Co-Investment and Other (Various)
Total Tactical Opportunities
$
22,502,048 $
15,074,572
37,576,620 $
6,729,103
6,426,962
13,156,065 $
$
13,244,038
4,901,464
18,145,502
1.3x $
1.9x
1.4x $
19,204,237
7,985,975
27,190,212
1.9x $
1.6x
1.8x $
32,448,275
1.6x
17%
12%
12,887,439
1.7x
18%
19%
45,335,714
1.6x
18%
14%
Growth
*BXGI (Jul 2020 / Jul 2025)
5,046,626
1,560,759
3,404,666
BXG II (TBD)
2,724,745
2,724,745
Total Growth
$
7,771,371 $
4,285,504 $
3,404,666
1.0x
n/a
1.0x $
349,310
3.2x
3,753,976
1.1x
n/m
2%
349,310
n/a
3.2x
n/a
n/a
n/a
$
3,753,976
1.1x
n/m
2%
Strategic Partners (Secondaries)
Strategic Partners I-V (Various) (i)
Strategic Partners VI (Apr 2014 / Apr 2016) (i)
Strategic Partners VII (May 2016 / Mar 2019) (i)
Strategic Partners Real Assets II (May 2017 Jun 2020) (i)
Strategic Partners VIII (Mar 2019 / Oct 2021) (i)
*Strategic Partners Real Estate, SMA and Other (Various) (i)
*Strategic Partners Infra III (Jun 2020 / Jul 2024) (i)
11,447,898
841,025
462,891
n/a
4,362,750
1,481,621
1,187,348
n/a
16,884,082
3,983,862
n/a
17,346,973
1.7x
n/a
13%
n/a
5,171,210
1.7x
n/a
15%
7,489,970
1,864,053
5,287,041
n/a
5,467,940
n/a
10,754,981
2.1x
n/a
22%
1,749,807
521,624
1,114,775
n/a
968,153
n/a
2,082,928
1.5x
n/a
17%
10,763,600
5,136,286
9,537,790
n/a
4,601,030
n/a
14,138,820
1.9x
n/a
50%
8,651,148
2,985,524
3,414,860
n/a
3,000,632
n/a
6,415,492
1.6x
n/a
19%
*Strategic Partners IX (Oct 2021 / Jul 2026) (i)
Total Strategic Partners (Secondaries)
Life Sciences
Clarus IV (Jan 2018 Jan 2020)
*BXLS V (Jan 2020 / Jan 2025)
Credit
Mezzanine / Opportunistic I (Jul 2007 / Oct 2011)
Mezzanine / Opportunistic II (Nov 2011 Nov 2016)
Mezzanine / Opportunistic III (Sep 2016 / Jan 2021)
*Mezzanine / Opportunistic IV (Jan 2021 Jan 2026)
Stressed Distressed I (Sep 2009 May 2013)
$
3,250,100
14,865,033
62,580,306
2,053,491
715,816
n/a
124,956
n/a
840,772
1.7x
n/a
80%
$
10,241,936
25,125,560
3,075,626
n/a
44,826
n/a
3,120,452
1.5x
n/a
n/m
$
24,796,147
n/a
$
35,075,481
n/a
$
59,871,628
1.8x
n/a
16%
910,000
4,839,395
18,801
2,112,416
841,386
1,130,149
1.6x
1.3x
239,712
71,549
1.9x
1,081,098
1.6x
23%
15%
1.3x
1,201,698
1.3x
n/a
1%
Stressed / Distressed II (Jun 2013 / Jun 2018)
*Stressed / Distressed III (Dec 2017 Dec 2022)
Energy I (Nov 2015 / Nov 2018)
*Energy II (Feb 2019 Feb 2024)
European Senior Debt I (Feb 2015 / Feb 2019)
*European Senior Debt II (Jun 2019 / Jun 2024)
$
2,000,000 $
97,114 $
19,012
1.5x
$
4,120,000
998,263
283,280
0.3x
4,786,397
6,493,270
1.6x $
4,805,409
1.6x
n/a
17%
1.6x
6,776,550
1.4x
n/a
10%
6,639,133
913,019
4,109,350
1.1x
5,170,802
1.6x
9,280,152
1.3x
n/a
10%
5,016,771
3,617,845
1,470,872
1.0x
43,818
n/m
1,514,690
1.1x
n/a
11%
3,253,143
5,125,000
76,000
547,430
n/a
5,777,098
1.3x
5,777,098
1.3x
n/a
9%
316,235
0.4x
5,238,819
1.2x
5,555,054
1.1x
n/a
0%
7,356,380
2,882,714
2,508,295
1.0x
2,856,867
1,057,173
749,525
0.9x
2,457,462
2,576,126
1.4x
4,965,757
1.1x
n/a
8%
1.7x
3,325,651
1.4x
n/a
9%
3,616,081
2,191,422
1,615,733
1.1x
983,485
1.4x
2,599,218
1.2x
n/a
23%
€
1,964,689 €
331,263 €
€
4,088,344 €
$
46,889,033 $
1,682,646 €
14,486,437 $
1,011,622
3,801,389
16,104,065
0.9x €
1.0x €
0.9x $
2,271,934
1,253,154
37,558,519
1.4x €
3,283,556
1.2x
n/a
5%
1.5x €
1.5x $
5,054,543
1.1x
n/a
15%
53,662,584
1.3x
n/a
10%
Total Credit Drawdown Funds (j)
Selected Perpetual Capital Strategies (k)
($ in thousands, except where noted)
Strategy (Inception Year)
Real Estate
BPP - Blackstone Property Partners (2013) (m)
BREIT Blackstone Real Estate Income Trust (2017) (n)
BXMT Blackstone Mortgage Trust (2013) (0)
Private Equity
BIP Blackstone Infrastructure Partners (2019) (p)
Hedge Fund Solutions
BSCH Blackstone Strategic Capital Holdings (2014) (q)
Credit
BXSL Blackstone Secured Lending Fund (2018) (r)
BCRED
Blackstone Private Credit Fund (2021) (s)
Notes on page 21. BXLS - Blackstone Life Sciences.
*
Represents funds that are currently in their investment period.
Investment
Strategy
Total
AUM
Total Net
Return (1)
Core+ Real Estate
Core+ Real Estate
Real Estate Debt
S
73,817,041
12%
68,281,628
13%
7,277,274
9%
Infrastructure
24,538,314
17%
GP Stakes
10,245,103
16%
U.S. Direct Lending
10,691,421
10%
U.S. Direct Lending
53,085,115
8%
Blackstone | 20View entire presentation