BX » Topics » Capital Deployed

This excerpt taken from the BX 8-K filed Aug 11, 2009.

Capital Deployed

Limited Partner Capital Invested was $1.82 billion for the year ended December 31, 2008, an increase of $1.55 billion compared to $268.2 million for the year ended December 31, 2007. This increase principally reflected investments made by certain of our credit-oriented funds launched in 2008.

Limited Partner Capital Invested was $268.2 million for the year ended December 31, 2007, an increase of $136.5 million compared to $131.7 million for the year ended December 31, 2006.

 

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These excerpts taken from the BX 10-Q filed May 8, 2009.

Capital Deployed

Limited Partner Capital Invested was $619.6 million for the three months ended March 31, 2009, a decrease of $109.1 million, or 15%, as compared to $728.7 million for the three months ended March 31, 2008. The change reflected a decrease in the size and volume of consummated transactions during the first quarter of 2009.

Capital Deployed

Limited Partner Capital Invested was $196.1 million for the three months ended March 31, 2009, a decrease of $144.0 million, or 42%, as compared to $340.1 million for the three months ended March 31, 2008. The decrease reflects smaller transaction sizes in the first quarter of 2009 as compared to the first quarter of 2008.

Capital Deployed

Limited Partner Capital Invested was $215.1 million for the three months ended March 31, 2009, a decrease of $154.1 million, or 42%, from $369.2 million for the three months ended March 31, 2008. The decrease was due to a reduction in the volume and size of closed transactions in the first quarter of 2009 as compared to the first quarter of 2008.

 

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Capital Deployed

Limited Partner Capital Invested was $208.4 million for the three months ended March 31, 2009, an increase of $189.0 million compared to $19.4 million for the three months ended March 31, 2008. The increase principally reflected investments made by certain of our credit-oriented funds.

These excerpts taken from the BX 10-K filed Mar 2, 2009.

Capital Deployed

Limited Partner Capital Invested was $6.55 billion for the year ended December 31, 2008, a decrease of $8.22 billion, or 56%, as compared to $14.77 billion for the year ended December 31, 2007. The change reflected a decrease in the size and volume of consummated transactions, compared to the prior year that most notably reflected our funds’ investments to acquire Equity Office Properties Trust and Hilton Hotels.

Limited Partner Capital Invested was $14.77 billion for the year ended December 31, 2007, an increase of $3.96 billion, or 37%, compared with $10.81 billion for the prior year. The change was due to an increase in our real estate funds of $5.04 billion, offset by a decrease in our corporate private equity funds of $1.22 billion.

Capital Deployed

Limited Partner Capital Invested was $3.76 billion for the year ended December 31, 2008, a decrease of $2.57 billion, or 41%, as compared to $6.33 billion for the year ended December 31, 2007. This decrease reflected a reduction in the number and size of investments closed during 2008 as asset values declined, sellers of businesses withdrew from the market and lenders continued to severely restrict commitments to new debt, as discussed above in “—Business Environment.”

 

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Limited Partner Capital Invested was $6.33 billion for the year ended December 31, 2007, a decrease of $1.22 billion, or 16%, compared with $7.55 billion for the prior year. This decrease reflected reduced investment activity during the year ended December 31, 2007 due to a substantial tightening of credit which significantly reduced funding availability to initiate new, large-sized leveraged transactions.

Capital Deployed

Limited Partner Capital Invested was $968.7 million for the year ended December 31, 2008, a decrease of $7.20 billion, or 88%, from $8.17 billion for the year ended December 31, 2007. This decrease reflected a reduction in the volume and size of closed transactions as a result of the market conditions in 2008.

Limited Partner Capital Invested was $8.17 billion for the year ended December 31, 2007, an increase of $5.04 billion compared with $3.13 billion for the prior year. The change reflected an increase in size and volume of investment activity in 2007, most notably our funds’ acquisitions of Hilton Hotels for $3.71 billion and Equity Office Properties Trust for $3.27 billion.

Capital Deployed

Limited Partner Capital Invested was $1.82 billion for the year ended December 31, 2008, an increase of $1.55 billion compared to $268.2 million for the year ended December 31, 2007. This increase principally reflected investments made by certain of our credit-oriented funds launched in 2008.

Limited Partner Capital Invested was $268.2 million for the year ended December 31, 2007, an increase of $136.5 million compared to $131.7 million for the year ended December 31, 2006.

 

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This excerpt taken from the BX 10-Q filed Nov 7, 2008.

Capital Deployed

Limited Partner Capital Invested was $657.6 million for the third quarter of 2008, an increase of $560.4 million. This increase principally reflects investments made by our recently launched debt funds.

Limited Partner Capital Invested was $1.49 billion for the nine months ended September 30, 2008, an increase of $1.30 billion. This increase principally reflects investments made by our recently launched debt funds.

 

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This excerpt taken from the BX 10-Q filed May 15, 2008.

Capital Deployed

Limited Partner Capital Invested was $369.2 million for the three months ended March 31, 2008, a decrease of $3.51 billion or 90% compared with the three months ended March 31, 2007. The change reflects a decrease in the size of consummated transactions, compared to the prior year period that most notably reflected our funds’ acquisition of Equity Office Properties Trust for $3.27 billion in February 2007.

 

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This excerpt taken from the BX 10-K filed Mar 12, 2008.

Capital Deployed

Limited Partners Capital Invested was $3.13 billion for the year ended December 31, 2006, which represents an increase of $2.03 billion compared with the prior year. This change reflected an increase in the size and volume of investment activity in 2006, which included major acquisitions, as well as add-on investments in our office and hotel sector portfolios of $1.49 billion and $1.50 billion, respectively.

This excerpt taken from the BX 10-Q filed Nov 13, 2007.

Capital Deployed

Limited Partners Capital Invested in real estate transactions was $4.13 billion for the nine months ended September 30, 2007, an increase of $1.89 billion or 84.8% versus the nine months ended September 30, 2006. This increase reflects the increased size and volume of investment activity in 2007, which primarily included the acquisition of Equity Office Properties Trust of $3.27 billion as well as additional investments in existing real estate fund properties. At September 30, 2007, $4.00 billion had been committed to transactions scheduled to close in subsequent periods. Since the quarter’s end, the Real Estate funds together with certain limited partner co-investors closed on the purchase of Hilton Hotels on October 24, 2007. The total equity investment was $3.98 billion including $3.72 billion invested by our real estate limited partners.

 

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This excerpt taken from the BX 10-Q filed Aug 13, 2007.

Capital Deployed

LP Capital Invested in real estate transactions was $3.9 billion for the six months ended June 30, 2007, an increase of $2.6 billion or 208.2% versus the six months ended June 30, 2006. This increase reflects the increased size and volume of investment activity in 2007, which included the acquisition of Equity Office Properties Trust, as well as additional investments in existing real estate fund properties. Additionally, at June 30, 2007, $378.6 million had been committed to transactions scheduled to close in subsequent periods and on July 3, 2007 we agreed to acquire Hilton Hotels Corporation and committed approximately $2.5 billion of LP Capital to that purchase.

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