The profit of Blackstone Group's listed private equity funds fell 94% in the second quarter, mainly due to a drop in position value, but the performance of the loan portfolio stabilized. According to a statement released on Thursday, the net profit of the Kuroishi Guaranteed Loan Fund was US$9 million in the three months up to June, down from US$155 million in the same period last year, mainly affected by asset depreciation. The fund recorded a book loss of US$137 million, an increase of about 12 times over the same period last year; realized losses were US$28 million. However, the Fund's net investment income was US$174 million, which was basically the same as the same period last year. The business development company did not include more loans in the interest-cessation status during the quarter.
Zhitongcaijing · 3d ago
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The profit of Blackstone Group's listed private equity funds fell 94% in the second quarter, mainly due to a drop in position value, but the performance of the loan portfolio stabilized. According to a statement released on Thursday, the net profit of the Kuroishi Guaranteed Loan Fund was US$9 million in the three months up to June, down from US$155 million in the same period last year, mainly affected by asset depreciation. The fund recorded a book loss of US$137 million, an increase of about 12 times over the same period last year; realized losses were US$28 million. However, the Fund's net investment income was US$174 million, which was basically the same as the same period last year. The business development company did not include more loans in the interest-cessation status during the quarter.
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