joe baratta blackstone compensation

You know, that did not happen when we were kids. I will learn something, and Ill have something else to do on the other side of it. Were hiring summer interns now who are 19 and 20 years old. By Andrew Ross Sorkin . We dont have an ego and, you know, we can help facilitate transactions, whatever, U.S. perspective and global perspective. BARATTA: That was very yeah, and you couldnt wear brown shoes. The transcript from this weeks, MiB: Joe Barratta, Blackstones Global Head of Private Equity, is below. BARATTA: How could a kid from Sacramento be a Dallas Cowboys fan? And David and I moved over to do the private equity stuff. US buyout giant Blackstone Group has announced the appointment of Joe Baratta, the former head of its European private equity team, as its new head of global private equity. In addition, he makes $0 as Global Head of Private Equity and Director of the Company at Blackstone Inc. RITHOLTZ: you know, 20, 25 years ago. Where is the most fertile ground for growth size-wise? BARATTA: I mean, with all respect to the Joneses who run that team, you know . He is also a member of the Board of Trustees of Georgetown University; is a trustee of the Tate Foundation; serves on the board of Year Up, an organization focused on youth employment. And you have to enjoy that process and enjoy like the time it takes. Like, look at Disney, you know, Disney, in large part, was hugely enabled by streaming services because of the amazing content it owned. RITHOLTZ: Youre looking at the cost of capital and how much margin or leverage you want to assume. RITHOLTZ: in prices. In 2006, 07, 08, you saw the financial crisis. You had a longer period of time to figure out if you were right or not. Is finding the back of the net the hardest job in football? BARATTA: They had bought a bunch of educational publishing assets, including U.S. textbook company, Houghton Mifflin, back when there were actually textbooks in schools. But, like, really, our preference is to do it just by ourselves. So its a whole broad spectrum of investing in the energy complex focused on the transition from hydrocarbons to renewable sources. Before joining Blackstone, Mr.Barattawas with Tinicum Incorporated and McCown De Leeuw & Company. We had some real estate guys there. BARATTA: Yeah. RITHOLTZ: firms or private equity firms? RITHOLTZ: By the way, there are a lot of different names for Blackstone. RITHOLTZ: Really intriguing. Im not saying were clairvoyant and we handled everything perfectly. BARATTA: Yeah. RITHOLTZ: Really quite fascinating. The first job for Morgan Stanley was McCown De Leeuw. So, overall, the picture we see is of a reasonable economy, with some risks to the future, but I dont whatever recession we may have, I dont think is going to be really significant. Theres a little more friction in those types of industries. Joseph Baratta is 46, he's been the Global Head of Private Equity and Director of the Company of Blackstone Inc since 2020. Sounds like you guys arent aggressively in the, were in a recession or about to have a recession six months. Ive studied finance, it was my major at Georgetown, and I was hoping to get a job somewhere, and I got a job at Morgan Stanley which way exceeded my dreams at that point. But thats not uncommon to see private equity firms taking companies private and transacting with public companies. Incentive alignment in India has been a harder thing. RITHOLTZ: You want to control and be able to set how youre going to exit or how the firm is going to be run? You could consume Saturdays with kids running around. What was that like going over to the EU and England during that period? So a big part of what we do is trying to figure out where we dont want to invest, and whats going to be dislocated by ubiquitous broadband back in 2005, 06, 07, and now, AI with a rate of sophistication of that technology. I mean, his family dates back to like Louis Quatorze. Joe Baratta to Join Blackstones Board of Directors This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. RITHOLTZ: Who, by the way, we were supposed to have on the show, and a little thing called COVID came along and interrupted us, like, literally, that end of March, beginning of April, when his book came out . The oldest executive at Blackstone Inc is BrianMulroney, 81, who is the Independent Director of the General Partner. BARATTA: technology. Otherwise, we will assume you're OK to continue. You see these things before they start to show up in the economic data. They introduced me to the head of a significant private equity firm in Europe. And there are many more $10 billion companies today than there was 12 or 15 years ago. BARATTA: And it is this perfect example of what we thought Hello Sunshine could do, the convening power to assemble that amazing ensemble cast, amazing music creators, and create something that is really important to, in this case, Amazon Prime, to be an important counterparty of the streamer. Nielsen CEO heading to private equity | Fortune And for the last six or seven years, the way weve been expressing investing in energy is an energy transition, so in companies that are helping accelerate the transition from burning hydrocarbons to produce electricity and energy, to renewable sources. And then when the Niners got good, I became a contrarian and said, no, Im going to root for the Cowboys . And I wanted to work in a place that was operating at the highest level, with the smartest people, where I could learn the most, and see if I could hang, you know, so to speak, with the best. But we ended up being you know, that was an example of, like, I just think we were discounted, but it was really early in the development of private equity. And by the time theyre 30, they wanted to have, like, declared victory on their career. As of 1 April 2023 he still owns at least 1,145,448 units of Blackstone Inc stock. By the way, my wife loves the Tate Modern, one of her favorite museums. BARATTA: Well, you have to get him back. And so. RITHOLTZ: in Europe. BARATTA: Its a great building that had a beautiful collection. And so, in terms of where our teams are spending time, its in and around sort of public markets. BARATTA: Yeah. So it was a beneficiary of the technology change. He also sits on the firms Management Committee. BARATTA: And, you know, philanthropy in the U.K. is at a different scale than in the U.S. Blackstone (NYSE:BX) today announced that Joe Baratta, the firm's Global Head of Private Equity, will join its board of directors. But, in financing acquisitions and capital needs of these middle market companies, the private credit market has played an important role in that. Im assuming that all these different names all come from different work products, different strategies, different funds, or is just everybody getting this wrong? Portions of this site are directed only to persons in certain jurisdictions. RITHOLTZ: So eventually you leave Morgan Stanley, you ended up at Tinicum Incorporated and McCown De Leeuw & Company. We use cookies for a number of reasons, such as keeping The Information reliable and secure, personalizing content and ads, providing social media features and to analyze how our sites are used. I mean, I was in my mid-20s and, you know, looking to build a career in private equity. Its been almost a year. But I love the announcement when you were promoted to Global Head of PE from Blackstone, they said the 73 investments and pending deals youre involved, and combined for $117 billion in revenue, the equivalent of the 13th largest company by revenue on the Fortune 500 list. You go to D.C. You go to New York. The spokesperson for the company, previously valued at $1.2 billion when SoftBank invested in it in 2021,declined to offer details on the misconduct Sequoia Capital Hired National Security Advisory Firm as China Deals Draw U.S. Its obvious in the public markets, things get frothy. You know, I sort of looked at, well, the industry in Europe is a good decade or two behind the U.S. how to check soundcloud notifications on mobile; shadows of london dress up time princess walkthrough; bill de blasio wife missing money; Off-duty: Blackstone's Joe Baratta on gravel biking, Cloud Cuckoo Land BARATTA: I go to California all the time. Mr. Baratta owns over 85,000 units of Blackstone Inc stock worth over $99,814,339 and over the last 3 years he sold BX stock worth over $81,255,679. Thats interesting. In addition, he makes $0 as Global Head of Private Equity and Director of the Company at Blackstone Inc. Joseph has made over 11 trades of the Blackstone Inc stock since 2020, according to the Form 4 filled with the SEC. Blackstone Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. But it is looking at whats more attractive and whats less attractive. BARATTA: If Apple decides it wants to buy something for, you know, 10, 20, 30, 40, it doesnt blink, and there are a lot of companies like that. We bought their Climate Technologies business called Copeland. Blackstone has raised the largest-ever long-hold private equity vehicle as interest in the strategy from both investors and managers increases.. He is very familiar with everything from M&A to credit, to real estate, on and on, and has had experiences both in the U.S. and overseas, really a global perspective on what took place in private equity in the past and what the future looks like. Is that the sort of infrastructure were talking about in addition to all the obvious ones weve been mentioning? Whats it like trying to manage a rapidly growing private business, with eventually the currencies became more or less uniform, but different languages, different customs, different culture, different ways of doing business? Blackstone 3d Amid global economic uncertainty and the ongoing recovery from COVID's systemic shock, we asked Global Head of Private Equity Joe Baratta for his perspective on the current. Im assuming you guys . Baratta explains how the firm thinks about dislocation and change, and the steps they take to make sure they are investing on the disruptor and not the disrupted side. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Joe Baratta is the Global Head of Private Equity at PE giant Blackstone, where he has worked since 1998. I mean, some of your holdings like Hilton, obviously, giant. MiB: Joe Barratta, Blackstone's Global Head of Private Equity April 15, 2023 10:00am by Barry Ritholtz This week, we speak with Joseph Baratta, who since 2012, has served as Global Head of Private Equity at Blackstone - the world's largest alternative asset manager, with $975 billion in assets under management. Blackstone's global head of private equity, Joseph Baratta is in contract to pick up a sweet 6-story townhouse from music mogul Lyor Cohen (he's Tory Burch's boyfriend), the NY Post reports.. RITHOLTZ: Oh, really? RITHOLTZ: Lets talk a little bit about your career at Blackstone. BARATTA: Yeah. And then the metaverse, you know, almost came and went already, a lot of hype there. That sounds like a fascinating organization. Joe Baratta, welcome to Bloomberg. By selecting the relevant option, you certify that it accurately reflects your residency. RITHOLTZ: Im not being sarcastic. Publicly traded Blackstone . That sounds quite fascinating. That is part of the energy transition. It does this by using extraordinary people and flexible capital to help companies solve problems. Ive been hearing recession chatter it seems like for six months, at least. And as an asset class, theyve performed extremely well, with low incidence of loss, good returns. Valuations go up and you saw it, of course, in the late 90s, in the tech sector. It was more of a cottage industry. RITHOLTZ: Theres still textbooks in schools. So we were working with our real estate guys in health care facilities, and visitor attractions, and theme parks. And I think people just need to relax, take a deep breath. And for a while, it looked like the lower quality the stock was, the better it did. BARATTA: you know, company-based. Because it looks like a couple of big companies push their way in, there were a couple of transactions, or is this going to, you know, be the fertilizer that launches a thousand blooms, or whatever the expression is? As companies got larger and larger, it seemed like banks went upscale with them and left sort of a gaping void in the middle, where, you know, mid-market companies didnt have a merchant bank that could facilitate loans, credit, anything . Terms and Conditions. BARATTA: Yeah. Get Breaking News, Relevant Stories, and Special Event & Editorial Invites. So, yes, youre right, like, in the long run, fundamentals drive, determine share prices. BARATTA: I think people are very negative on the U.K. and . Follow me on Twitter @ritholtz. MiB: Joe Barratta, Blackstone's Global Head of Private Equity Youre still dealing with people in Brussels, and people in Paris, and people in Milan. BARATTA: I think early on, it was important until we established ourselves, and then we did less of that. But for listeners, you know, you dont have the same capital costs. You know, energy prices are higher. Joseph Baratta is Global Head of Private Equity and a member of the firm's Management Committee. The estimated Net Worth of Joseph Baratta is at least $181 Million dollars as of 1 April 2023. BARATTA: So there were still French francs and, you know, lira, and German Deutsche Marks. It takes a long time to figure out like how you get good at something and the particular way you want to do it. Mr.Barattaalso worked at Morgan Stanley in its mergers and acquisitions department. RITHOLTZ: Really interesting answer. These are physical assets. You know, we bought Hilton in June of 2007. Yeah. BARATTA: Yeah, Im 29 when Im asked. BARATTA: Well, one thing that John and Steve have done is to make sure the firm is really joined up across our investment businesses. BARATTA: So I think we just raised a small credit fund, which is $900 million, and then we had an M&A advisory business. "The current volatile and unpredictable environment reinforces . Were down to our last two questions, what sort of advice would you give to a recent college grad who was interested in a career in private equity? BARATTA: We leaned into exiting what we could in that period. Id been to, like, Paris and Venice or something. BARATTA: Its a real thing in Europe. ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio. Speaking on. RITHOLTZ: So lets talk about some of those different types of funds. On average, Joseph trades about 53,227 units every 51 days since 2020. Am I exaggerating that at all or . And like I said, those companies arent too big to make good returns with. Even though the buyout king has no plans to retire, the appointment of Joe Baratta, a 41-year-old dealmaker credited with building up the firm's European buyouts practice, was the latest step. And then it evolved. Id never lived abroad. Markets never sleep, and neither does Bloomberg News. BARATTA: Well, I would say in my 25-year history at Blackstone, there were certain industries that were growth industries that we were investing in in the mid 90s and late 90s and early 2000s, that now are no longer investable. Thank you, Joe, for being so generous with your time. RITHOLTZ: And you had mentioned private credit before, that seems to have been a giant growth area, especially when rates were at zero, when people arent seeing a whole lot of returns from fixed income. And so we sort of followed our real estate colleagues, where they went and establish a toehold, became successful. Blackstone Hires Droga5 Chief Strategy Officer Jonny Bauer To - Forbes

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