Blackstone
26
Investment Records as of March 31, 2015
Notes on next page.
Committed
Available
Unrealized Investments
Realized Investments
Total Investments
Net IRRs (d)
(Dollars in Thousands, Except Where Noted)
Capital
Capital (b)
Value
MOIC (c)
% Public
Value
MOIC (c)
Value
MOIC (c)
Realized
Total
Private Equity
BCP I (Oct 1987 / Oct 1993)
859,081
$
-
$
-
$
n/a
-
1,741,738
$
2.6x
1,741,738
$
2.6x
19%
19%
BCP II (Oct 1993 / Aug 1997)
1,361,100
-
-
n/a
-
3,256,818
2.5x
3,256,818
2.5x
32%
32%
BCP III (Aug 1997 / Nov 2002)
3,967,422
-
-
n/a
-
9,184,688
2.3x
9,184,688
2.3x
14%
14%
BCOM (June 2000 / Jun 2006)
2,137,330
199,298
244,522
1.1x
-
2,619,040
1.4x
2,863,562
1.3x
7%
6%
BCP IV (Nov 2002 / Dec 2005)
6,773,182
223,589
2,498,337
1.4x
36%
18,651,078
3.2x
21,149,415
2.8x
45%
36%
BCP V (Dec 2005 / Jan 2011)
21,032,061
1,311,618
18,361,782
1.8x
61%
19,291,650
1.9x
37,653,432
1.9x
11%
9%
BCP VI (Jan 2011 / Jan 2017)
15,182,144
5,980,880
11,696,775
1.3x
16%
1,548,216
1.8x
13,244,991
1.4x
50%
14%
BEP (Aug 2011 / Aug 2017)
2,437,287
372,131
2,713,049
1.4x
24%
535,189
2.0x
3,248,238
1.4x
56%
29%
BEP II (Feb 2015 / Feb 2021)
4,864,865
4,864,865
-
n/a
-
-
n/a
-
n/a
n/a
n/a
Total Corporate Private Equity
58,614,472
$
12,952,381
$
35,514,465
$
1.6x
41%
56,828,417
$
2.3x
92,342,882
$
1.9x
22%
16%
Tactical Opportunities
8,858,500
5,128,542
4,232,095
1.1x
2%
980,853
1.4x
5,212,948
1.2x
27%
14%
Strategic Partners
16,693,422
4,553,811
6,549,585
1.6x
n/a
11,673,083
1.3x
18,222,668
1.4x
n/a
15%
Other Funds and Co-Invest
1,621,886
169,977
1,187,250
1.1x
55%
103,859
1.7x
1,291,109
1.1x
n/a
n/a
Total Private Equity
85,788,280
$
22,804,711
$
47,483,395
$
1.5x
32%
69,586,212
$
2.0x
117,069,607
$
1.8x
20%
16%
Real Estate
Dollar
Pre-BREP
140,714
$
-
$
-
$
n/a
-
345,190
$
2.5x
345,190
$
2.5x
33%
33%
BREP I (Sep 1994 / Oct 1996)
380,708
-
-
n/a
-
1,327,708
2.8x
1,327,708
2.8x
40%
40%
BREP II (Oct 1996 / Mar 1999)
1,198,339
-
-
n/a
-
2,531,612
2.1x
2,531,612
2.1x
19%
19%
BREP III (Apr 1999 / Apr 2003)
1,522,708
-
-
n/a
-
3,328,504
2.4x
3,328,504
2.4x
21%
21%
BREP IV (Apr 2003 / Dec 2005)
2,198,694
-
1,053,344
0.9x
16%
3,619,482
2.2x
4,672,826
1.7x
48%
14%
BREP V (Dec 2005 / Feb 2007)
5,539,418
-
5,775,716
2.2x
11%
6,922,979
2.2x
12,698,695
2.2x
16%
12%
BREP VI (Feb 2007 / Aug 2011)
11,059,494
586,765
12,817,654
2.7x
62%
14,006,819
2.3x
26,824,473
2.5x
17%
15%
BREP VII (Aug 2011 / April 2015)
13,476,021
4,089,253
15,523,310
1.5x
2%
5,036,944
1.9x
20,560,254
1.6x
39%
26%
BREP VIII (April 2015 / October 2020)
14,556,000
14,556,000
-
n/a
n/a
-
n/a
-
n/a
n/a
n/a
Total Global Real Estate Funds
50,072,096
$
19,232,018
$
35,170,024
$
1.9x
26%
37,119,238
$
2.2x
72,289,262
$
2.0x
23%
18%
Euro
BREP Int'l (Jan 2001 / Sep 2005)
824,172
-
9,364
0.5x
-
1,359,864
2.1x
1,369,228
2.1x
25%
23%
BREP Int'l II (Sep 2005 / Jun 2008)
1,629,748
54,198
1,681,289
1.5x
41%
567,022
1.8x
2,248,311
1.6x
12%
6%
BREP Europe III (Jun 2008 / Sep 2013)
3,204,714
525,539
4,307,781
1.8x
9%
1,149,471
2.5x
5,457,252
1.9x
32%
20%
BREP Europe IV (Sep 2013 / Mar 2019)
6,509,841
4,382,570
3,385,545
1.2x
-
247,017
1.3x
3,632,562
1.2x
40%
21%
Total Euro Real Estate Funds
12,168,475
4,962,307
9,383,979
1.5x
11%
3,323,374
2.1x
12,707,353
1.6x
23%
14%
BREP Co-Investment (f)
5,556,716
$
-
$
7,834,007
$
2.1x
67%
4,357,984
$
2.3x
12,191,991
$
2.2x
17%
18%
BREP Asia (Jun 2013 / Dec 2017)
5,076,119
3,111,174
2,347,061
1.2x
-
4,400
1.0x
2,351,461
1.2x
n/a
15%
Total Real Estate
76,577,457
$
27,712,904
$
57,810,842
$
1.8x
27%
45,894,528
$
2.2x
103,705,370
$
1.9x
22%
17%
BPP
5,063,701
$
3,008,012
$
2,449,050
$
1.2x
-
-
$
n/a
2,449,050
$
1.2x
n/a
n/a
BREDS (g)
7,142,206
$
2,092,436
$
2,713,830
$
1.2x
-
3,947,173
$
1.3x
6,661,003
$
1.3x
13%
12%
Credit (h)
Mezzanine I (Jul 2007 / Jul 2012)
2,000,000
$
134,024
$
841,926
$
1.7x
-
3,999,712
$
1.6x
4,841,638
$
1.6x
n/a
18%
Mezzanine II (Nov 2011 / Nov 2016)
4,120,000
2,590,229
2,588,856
1.2x
-
1,217,175
1.5x
3,806,031
1.3x
n/a
22%
Rescue Lending I (Sep 2009 / May 2013)
3,253,143
558,165
2,414,948
1.4x
-
3,397,415
1.4x
5,812,363
1.4x
n/a
14%
Rescue Lending II (Jun 2013 / Jun 2018)
5,125,000
3,797,864
1,727,755
1.2x
-
3,795
1.0x
1,731,550
1.2x
n/a
n/m
Total Credit
14,498,143
$
7,080,282
$
7,573,485
$
1.3x
-
8,618,097
$
1.5x
16,191,582
$
1.4x
n/a
17% |