joe baratta blackstone compensation

Not to say like we executed on that vision perfectly, I mean, we would have made some mistakes, but we definitely became much more cautious when the bull market really ramped up, in particular, post COVID, when not only did you have the low rates which the Fed double down on, you had this huge transfer payment from the federal government . And then the metaverse, you know, almost came and went already, a lot of hype there. So we share themes and we share these economic signals. What are you looking at that might not have been on the table a decade ago? So lets talk a little bit about the state of PE investing today. The big TV companies, such as ViacomCBS and Discovery, were bleeding viewers as people cut the cord to cable television and streaming powerhouses like Netflix grew ever bigger. Otherwise, we will assume you're OK to continue. RITHOLTZ: So lets talk about some of those different types of funds. We hired an Italian for the firm, Andrea Valeri. Brown shoes that are for like, you know . Youre still dealing with people in Brussels, and people in Paris, and people in Milan. Is there a ceiling, or at what point you look at something and say, hey, thats just too big to try and take a bite on? You can stream and download our full conversation, including any podcast extras, iTunes, Spotify, Stitcher, Google, Bloomberg, and Omny. BARATTA: Yeah, right after I graduated college, I went to Georgetown in 1993. And so. Joseph Baratta net worth, bio and Blackstone Inc insider trades. Mr. Baratta was elected to the board of directors effective March 2, 2020. 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. Joe Baratta - Private Equity - Blackstone | LinkedIn RITHOLTZ: So before we let you go, were going to jump to our favorite questions that we ask all of our guests, starting with you mentioned streaming, tell us what youve been watching, what keeps the family entertained? Off-duty: Blackstone's Joe Baratta on gravel biking, Cloud Cuckoo Land and the Dallas Cowboys Baratta's shares his New Year's resolution, books he's reading and high and low career moments, as well as his fantasy management role in the NFL. 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. Publicly traded Blackstone . Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives. Matthew Delly on LinkedIn: Areas of thematic investing focus from I grew up in Sacramento, California. Its not just like the next deal, the next promotion, the name in the paper or whatever. How ChatGPT is Roiling 13 Software Companies, By Kevin McLaughlin, Aaron Holmes and Anissa Gardizy, Apples AI Chief Struggles With Turf Wars as New Era Begins, In Google Founders Shadow, CEO Pichai Discovered the Limits of His Power, IRLs CEO Steps Down After Allegation of Inflated User Numbers, Former IRL Employee Alleges Company Inflated User Count. Of course, I mean, France, Germany, Italy, Spain, you know, the whole Nordic region, Sweden, theyre not . You got to get it elsewhere. You know, that did not happen when we were kids. Were seeing full employment. BARATTA: Yeah. And weve become better at what we do in buying control of companies, engaging with them, making them better, helping them grow. But were not seeing it. BARATTA: But they were private equity. ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio. And so we did, but we were kind of trying to do deals by airplane from New York, and thats not functional. at the top of the firm, you know, Steve, John, a few others of us who are on the management committee are really able to push down into the organization like what were seeing and to change investment behaviors. 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. And, you know, what I sort of decided as well, fragmented industries, where you could drive consolidation that had happened already in the U.S., things like, in the U.K., pubs. RITHOLTZ: Youre like late 20s at this time? Ive heard people say Blackstone, Blackstone Group, Blackstone Partners. RITHOLTZ: Really quite interesting. We bought some more, and that was a pretty successful investment. And so we partnered with a few local firms and actually one of our U.S. competitors to look at this big asset, because it was quite big. Get subscriber-only insights and news delivered by Barry daily. I think they were operating at the really top of the industry, really smart people, good track record. And then by the time youre in your 40s, you can actually be good at this job. 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 . What are the challenges of investing in a place like India? And so, were trying to find the businesses that are going to be enabled and benefited by AI, and avoid the things that are going to be dislocated. I mean, this is the ultimate French establishment. BARATTA: You know, the book I most recently finished, by Arthur Brooks, a book on happiness. One-on-one with Joe Baratta: Navigating Today's Investment - YouTube Baratta, who joined the firm in 1998, is also a member of the board of directors and serves on multiple management committees, as well as the firms investment committees. But youre looking at valuations and what sort of multiples you want to pay. BARATTA: I mean, as much as we could. Its very hard for us to assemble much more than a $5 billion equity check. . RITHOLTZ: Tell us what that growth has been like over the past 25 years? Inside Blackstone's Plans to Create an Entertainment Empire RITHOLTZ: I dont want to suggest that thats what we hear. And so, yeah, there was a lot of volatility. We still continue, in many of our companies, to struggle to fill open roles. Ive been super lucky to have these fun adventures, whether or not with Stanley. You know, we bought Hilton in June of 2007. 40+ "Joe Baratta" profiles | LinkedIn High-yield junk bonds still 'frothy': Blackstone - Yahoo And so I didnt know, you know, what finance was all about. You can find those at YouTube, iTunes, Spotify, wherever you find your favorite podcasts. But cable television models or satellite TV, like, those suffered. BARATTA: Yeah, Im 29 when Im asked. Joseph Baratta is the Global Head of Private Equity and a member of Blackstone's Board of Directors. By submitting this request, you consent to receive email from Blackstone. RITHOLTZ: To say nothing of two people separated by a common language, right? You could only wear black shoes. Abraham Shafi has stepped down as CEO of messaging app IRL following allegations that the company used bots to inflate the users it reported publicly and to investors, according to a person with direct knowledge. So the second deal we did was we worked with another firm, a local U.K. firm called CVC and also TPG to buy Scottish & Newcastles pub divestiture. RITHOLTZ: Im not being sarcastic. You know, we spent a lot of time looking at traditional media businesses that linear TV, satellite broadcast, regional sports networks, all these things, that the direction of travel isnt really investable, the streaming services, direct to consumer. Joseph Baratta. In private equity, you know, were owning things for 5, 6, 10 years and were not subject to, like, the vicissitudes of the market in the short run. 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. RITHOLTZ: in prices. BARATTA: where the music is amazing. BARATTA: Yeah. So Im watching the Cowboys like every Sunday. There werent that many firms. Follow all of the fine family of Bloomberg podcasts on Twitter @podcast. RITHOLTZ: But youre still dealing with a lot of European at that time. It feels like were very early stages of transitioning to being able to pull up somewhere and spend 10 minutes charging the car to get you another 100 miles or so. Disputes over compensation and firings, and potentially over layoffs, could push both sides into fresh legal battles. Were seeing in our businesses real stability across most sectors. For press inquiries, contact [emailprotected]. Blackstone: long-life private equity funds 'now an asset class' Joseph Baratta Net Worth, Biography, and Insider Trading So we were working with our real estate guys in health care facilities, and visitor attractions, and theme parks. And really, most of our expansion started with our real estate business, because its a little bit easier to expand globally in real estate because its more asset-based rather than like . You have your way. So even like undergone dusk could be successful. BARATTA: Yeah. Fintechs, beat down by the tech meltdown last year, are struggling to make good on their pitch to consumers. Im assuming that all these different names all come from different work products, different strategies, different funds, or is just everybody getting this wrong? BARATTA: I think private credit has filled the hole for these smaller businesses, but really not on the full banking suite. RITHOLTZ: So lets talk a little bit about some of those places. BARATTA: I think people are very negative on the U.K. and . 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. Deceptive. So, really, in private equity, our first adventure outside of Western Europe was in India and China, and that was somewhere around 2005. They also share their perspectives on the opportunity in live entertainment, one of our high-conviction investment themes. RITHOLTZ: Post Brexit, is that the driver? Mr. Baratta joined Blackstone in 1998 and in 2001 he moved to London to help establish Blackstones corporate private equity business in Europe.

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