IRR
+12.5%
Multiple
1.45x
DPI
0.40x
Size
$26B
Vintage
2019
RETURN GRADE:MEDIOCRE
MARK VS PUBLIC MARKET
How does the GP's self-reported return compare to simply buying the S&P 500 at the same vintage?
Blackstone CP VIII
+12.5% IRR
~+128% total return over 7 yrs
S&P 500 (2019 vintage)
+110%
Total return, 2019 to present
VERDICT: GP marks outpace the S&P 500 by ~18pp. But DPI is low — returns exist only on paper until realized.
Notes
Largest single PE fund at the time. Diversified across sectors. Solid but below prior vintage returns.
ALL RETURNS ARE SELF-REPORTED BY GP MARKS — NOT AUDITED, NOT MARK-TO-MARKET