joe baratta blackstone compensation

My dad was a bodybuilder and owned three gyms in Sacramento. But youre not wrong, I mean, theres different names within the individual businesses, but we all work at Blackstone. Who cares about brown shoes? Like I said, theres a few fundamental enabling technologies that happen, ubiquitous broadband, internet to your house to your mobile device, which really enabled a change in retail and media models and communication models, and now this. Its very hard for us to assemble much more than a $5 billion equity check. Energy has been a major investment theme across many of our businesses in credit and corporate private equity. Joseph Baratta - Blackstone I think its really important for people who are workaholics, who are high achievers to put, you know, everything that were doing every day into context and define happiness kind of outside that box. But thats not uncommon to see private equity firms taking companies private and transacting with public companies. View stories on our mobile app and tune into our weekly podcast. But cable television models or satellite TV, like, those suffered. And the market hasnt loved owning manufacturing industrial-type businesses. Markets never sleep, and neither does Bloomberg News. RITHOLTZ: Really interesting. Happy to be here. Matthew Delly on LinkedIn: Areas of thematic investing focus from Its a great group of people, great organization. Its one firm made unified. You have to have like an open mind and realize that things are changing. First Eagle Investment Management, you mentioned Medline earlier, Ancestry.com is probably things people are familiar with. We were looking at taking remember the Vivendi at that time? And what sort of input do you give to managements there? Blackstone Group is talking to its biggest investors to create a "coalition of the willing" that can buy control of large companies outside its existing funds, according to Joe Baratta, head . Is this just part of the life cycle of business, or do you go through these periodic spasms where everything changes? And we did we became more cautious. BARATTA: Like, it probably isnt going to happen forever. Both in terms of the aggregate revenue of our company, size of our portfolio, were probably now something like 150 total investments, many hundreds of billions of revenue, hundreds of thousands of employees if you add up all of the companies in which were invested. Blackstone already manages $439 billion across alternative assets such as private equity and real estate, and is looking for ways to grow further. Joseph Baratta is Global Head of Private Equity and a member of the firm's Management Committee. Ive been super lucky to have these fun adventures, whether or not with Stanley. Two years ago, Joe Baratta couldnt figure out what Blackstone, the private equity giant he worked for, should do for its next move in media and entertainment. Im not saying were clairvoyant and we handled everything perfectly. Yeah. And so, we bought the pub business. BARATTA: I mean, theres no question that financing costs are higher, both debt and equity, which is a healthy thing because I think the global cost of capital was too low, induced by super low rates and capital allocation to riskier assets, institutional investors chasing return. BARATTA: Yes. 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. You can take margins up. BARATTA: watch media, changed the way we shop, changed the way we found information. Transcript: Joe Barratta of Blackstone April 18, 2023 8:00am by Barry Ritholtz The transcript from this week's, MiB: Joe Barratta, Blackstone's Global Head of Private Equity, is below. BARATTA: No, no. So you move to the U.K. RITHOLTZ: Youre an hour to hop from all the key places . BARATTA: Yeah. So, you know, you could go to France, maybe they didnt love, you know . Most recently he sold 85,000 units of BX stock worth $7,337,200 on 1 April 2023. Mr. Joseph Patrick Baratta, also known as Joe, has been the Global Head of Private Equity at The Blackstone Group, Private Equity Group since July 2012. RITHOLTZ: Lets talk about books. February 26, 2020 08:15 AM Eastern Standard Time. Im assuming you guys . Theres definitely been proof of concept for large scale institutional investors and even retail investors, that we can produce sustainable, predictable, above public market returns. BARATTA: Yeah. Were seeing maybe wage increases beginning to decline. 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? Were seeing full employment. But it is looking at whats more attractive and whats less attractive. We were much more networked. BARATTA: Were not seeing evidence of it in the portfolio. BARATTA: Yeah. Since 2012, Mr.Barattahas served as the firms Global Head of Private Equity and is located in New York. Of course, I mean, France, Germany, Italy, Spain, you know, the whole Nordic region, Sweden, theyre not . BARATTA: You know, the book I most recently finished, by Arthur Brooks, a book on happiness. Mr. Baratta served as the Senior Managing Director and Head of European Private Equity at The Blackstone Group. I guess you kind of forget, hey, when stock prices come down enough at a certain point, that valuation becomes really attractive, if the assets themselves are productive enough. The estimated Net Worth of Joseph Baratta is at least $181 Million dollars as of 1 April 2023. RITHOLTZ: So its not like the public markets where you could say sell here, buy there, because you have such obvious prints . For press inquiries, contact [emailprotected]. Joseph Baratta is an American business executive who is Global Head of Private Equity at Blackstone, a New York-based global asset management giant. Then, in the fall of 2020, Baratta huddled with Kevin Mayer, a longtime Disney executive who had just left TikTok as CEO of the social media app. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. BARATTA: particularly this offseason, theyve done a nice job. Anything with the patents or copyright and algorithm . You can stream and download our full conversation, including any podcast extras, iTunes, Spotify, Stitcher, Google, Bloomberg, and Omny. Weve had a big business there for a long time and we see really attractive assets. RITHOLTZ: I can imagine. And I think thats, right now, a little bit plus, the financing markets are less liquid, and theres less quantum available. You see these things before they start to show up in the economic data. And now, I think, you know, AI could be it probably is one of those other major sea changes, where business models turning on human beings doing rote tasks, you know, probably is not the future, and a lot of businesses are going to be dislocated. You can stream and download our full conversation, including any podcast extras, iTunes, Spotify, Stitcher, Google, Bloomberg, and Omny. BARATTA: Exactly. Joe Baratta to Join Blackstones Board of Directors For a brief while, we had an office in Hamburg. When I came to the city, I was like, wow, this place is amazing. We cant do that. If you enjoy this conversation, well, be sure and check out any of the previous 500 or so weve done over the past eight years. BARATTA: Right into the thick of it, trying to figure out what a two younger might my colleague, David Blitzer, I think he was maybe 31. We have associated funds in Asia and an energy transition, and a long-dated vehicle that allows us to hold things for 15-plus years. Sebastian Escobar is my audio engineer. Joseph Baratta - Biography - MarketScreener.com BARATTA: I think starting with the fundamentals, you know, the economy is quite sound. BARATTA: In November of 2001, when I moved over , BARATTA: The industry wasnt called private equity; it was called venture capital and it wasnt . It was a small industry. 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. We had our second real estate fund, which was I think about $1.2 billion or $1.3 billion. Blackstone Hires Droga5 Chief Strategy Officer Jonny Bauer To - Forbes How are you looking at a geopolitical event like that affecting, you know, whats taking place on the continent? Is finding the back of the net the hardest job in football? We had some real estate guys there. and Merlin Entertainments Group. So the way I do, you know, this job, in addition to managing a bunch of our people and engaging in other stuff at the firm is I want to keep a hand in the investing, and engaging with our company. Theres some like risk management things that you always need to be mindful of. So we share themes and we share these economic signals. I think a big chunk of what we do over our history has been taking companies private and doing corporate carve-outs from public company, so non-core assets that a large company is divesting, family-owned businesses. stonco lighting catalog. It took a year for all those local currencies, literally paper and coin currencies, to come out of circulation and have euro bills. Ive been a Dallas Cowboys fan since Im 7 years old. RITHOLTZ: I never would have guessed that. The most active insiders traders include James Breyer, Hamilton E James, and International Group Incaig . Where are you looking around the world? 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. Mr. Baratta has served on the boards of a number of Blackstone portfolio companies and currently serves as a member or observer on the boards of directors of First Eagle Investment Management, Refinitiv, SESAC and Merlin Entertainments Group. RITHOLTZ: Oh, really? Joseph Baratta net worth, bio and Blackstone Inc insider trades. And then we started seeing significant signs in inflation, particularly in our real estate business, with rents going up significantly, wages going up across our private equity portfolio, beginning to see pricing power for many of our companies that they hadnt had in a long time. So, clearly, that was a great time to pull back in mid-2021. I mean, there is some degree of like heightened caution concern, because when you do take rates up and really tighten financial conditions, there are consequences in the economy at some point. By selecting the relevant option, you certify that it accurately reflects your residency. Thats just because . RITHOLTZ: Similar to U.S. antitrust rules . Im 30 when I moved, you know, yeah, because it was 2001 and, you know, it was just after September 11th. The first job for Morgan Stanley was McCown De Leeuw. Blackstone secured $8.2 billion for a second long-life offering, 70 percent more than the strategy's 2016-vintage debut fund. Joseph Baratta. I mean, were not specifically investing in charging stations. And then at Blackstone, you know, Steve Schwarzman changed my life; and Tony James, who when I was about four years into Blackstone, really helped transform the firm and make it what it is today. I mean, I knew nothing about finance. By the way, my wife loves the Tate Modern, one of her favorite museums. My friend and former Morgan Stanley analyst, colleague, Chad Pike, ran our European real estate stuff. Overnight on Wall Street is morning in Europe. So, as an investor, you have to be nimble. Elon Musk May Yet Meet Twitter Executives in Court - New York Times So when I looked at the world of higher rates, does it have a big impact on how you structure deals, or is it just a factor thats going to move up and down and everybody just changes their spreadsheets and the numbers all just move higher? BARATTA: Yeah, hes amazing. RITHOLTZ: So lets talk about some of those different types of funds. We do think, at some level, it does affect the cost structures. And David and I moved over to do the private equity stuff. Portions of this site are directed only to persons in certain jurisdictions. BARATTA: you know, company-based. Joseph Baratta is the Global Head of Private Equity and a member of Blackstone's Board of Directors. Youre still dealing with people in Brussels, and people in Paris, and people in Milan. What sort of new markets are you guys considering? BARATTA: What weve found is that control is important in India. Industry structures are changing. Deceptive. Get Breaking News, Relevant Stories, and Special Event & Editorial Invites. Deadly. RITHOLTZ: So eventually you leave Morgan Stanley, you ended up at Tinicum Incorporated and McCown De Leeuw & Company. And by the time theyre 30, they wanted to have, like, declared victory on their career. Global Head of Private Equity, Joe Baratta, shared insights on how Blackstone is thinking long-term in this business cycle and how investors can prepare - by focusing intently on sector &. BARATTA: I think early on, it was important until we established ourselves, and then we did less of that. BARATTA: crisis. Learn More Get subscriber-only insights and news delivered by Barry every two weeks. BARATTA: So I think we just raised a small credit fund, which is $900 million, and then we had an M&A advisory business. From 2004 until 2010, we were having babies, and one of the places we would always go is either Tate Britain or Tate Modern. But, you know, when I moved, you didnt have the single currency in circulation until January of 02. So I actually think, at the large end of the private equity market, were undercapitalized. BARATTA: that are $10 billion to $15 billion-plus enterprise value company. I mean, there have been leveraged loans and high yield bonds since the 1980s. Business models are changing. BARATTA: I think it was 2005, when we started to look at in China and in India, in particular, and also Japan. Joseph Baratta - Wikipedia BARATTA: Even more mature companies. And so, instead of investing in those, we decided to back Kevin Mayer and Tom Staggs, two ex-Disney guys, really well-regarded business guys in the entertainment industry, to build an independent content creation business, which weve done both in childrens content with Moonbug, and in live action entertainment with Hello Sunshine, which was the business that Reese Witherspoon started.

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