The document is an investment thesis and outlook for Blackstone, a leading alternative asset manager. It discusses the firm's growth prospects, valuation, and potential risks. The document highlights Blackstone's diversified business and positive catalysts for growth, including a steep earnings ramp and realization cycle. It also outlines valuation metrics and potential risks such as economic slowdown and market corrections.
doj/DataSet10/EFTA01452646.pdf
{"title":"Alternative Asset Manager Initiation","document_date":"2014-01-28","document_type":"financial","key_organizations":["Blackstone","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0109808","SDNY_GM_00255992","EFTA01452646"]}