Blackstone 8-K: Affiliate Transactions & Fund Investments
Ticker: BX · Form: 8-K · Filed: Nov 25, 2024 · CIK: 1393818
| Field | Detail |
|---|---|
| Company | Blackstone Inc. (BX) |
| Form Type | 8-K |
| Filed Date | Nov 25, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-statements, affiliate-transactions, accounting
TL;DR
Blackstone's 8-K details affiliate payables and how performance fees are split, impacting fund accounting.
AI Summary
Blackstone Inc. filed an 8-K on November 25, 2024, reporting on financial statements and exhibits. The filing details components of 'Due to Affiliates,' including preferred stock and clawback allocations based on individual investment performance rather than fund performance. It also clarifies that equity securities include investments in other investment funds.
Why It Matters
This filing provides clarity on how Blackstone accounts for affiliate transactions and allocates performance compensation, which can impact investor understanding of the company's financial structure.
Risk Assessment
Risk Level: low — The filing is primarily informational, detailing accounting practices and financial statement components without announcing significant new risks or events.
Key Players & Entities
- Blackstone Inc. (company) — Filer of the 8-K
- Series I preferred stock (dollar_amount) — Component of 'Due to Affiliates'
- Series II preferred stock (dollar_amount) — Component of 'Due to Affiliates'
FAQ
What is the basis for the split of clawback between Blackstone Holdings and Current and Former Personnel?
The split is based on the performance of individual investments held by a fund, rather than on a fund-by-fund basis.
What does 'Equity Securities, Partnership and LLC Interest' include?
It includes investments in investment funds.
What is the par value of the Series I and Series II preferred stock mentioned?
The par value of each is less than one cent.
What is 'Due to Affiliates' a component of?
It is a component of 'Total'.
What specific note provides further detail on 'Due to Affiliates'?
Note 18, titled 'Related Party Transactions — Affiliate Receivables and Payables — Due to Affiliates.'
Filing Stats: 1,139 words · 5 min read · ~4 pages · Grade level 9.7 · Accepted 2024-11-22 17:36:36
Filing Documents
- d888166d8k.htm (8-K) — 583KB
- d888166dex231.htm (EX-23.1) — 15KB
- d888166dex991.htm (EX-99.1) — 7357KB
- d888166dex992.htm (EX-99.2) — 3126KB
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- g888166g79k79.jpg (GRAPHIC) — 110KB
- 0001193125-24-264461.txt ( ) — 34235KB
- bx-20241122.xsd (EX-101.SCH) — 129KB
- bx-20241122_cal.xml (EX-101.CAL) — 93KB
- bx-20241122_def.xml (EX-101.DEF) — 885KB
- bx-20241122_lab.xml (EX-101.LAB) — 865KB
- bx-20241122_pre.xml (EX-101.PRE) — 932KB
- d888166d8k_htm.xml (XML) — 6991KB
Forward-Looking Statements
Forward-Looking Statements Exhibits 99.1 and 99.2 attached hereto may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which reflected our views with respect to, among other things, our operations, taxes, earnings and financial performance, share repurchases and dividends. You can identify these forward-looking statements by the use of words such as "outlook," "indicator," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "scheduled," "estimates," "anticipates," "opportunity," "leads," "forecast" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include but are not limited to those described under the section entitled "Risk Factors" in Blackstone's 10-K, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in Exhibits 99.1 and 99.2 and in our other periodic filings. The forward-looking statements speak only as of the respective filing dates of Blackstone's 10-K and Blackstone's 10-Q, as applicable, and we undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. i Table of Contents Item9.01Financial Statements and Exhibits. (d)Exhibits. Exhibit Number Exhibit Description 23.1* Consent of Deloitte & Touche LLP. 99.1* Part I. Ite