Blackstone Asset Based Finance Advisors (ABF) manages private investment funds, investment companies, and provides sub-advisory services. ABF offers investment advice primarily in first lien loans, second lien loans, asset-based credit, investment grade and high yield bonds, distressed securities, public and private equity, and derivatives. ABF can tailor its advisory services based on specific client objectives.
Fee Structure
Blackstone Asset Based Finance Advisors (ABF) typically receives a management fee for its investment advisory services provided to managed accounts. This fee is up to 0.75% annually based on the value and type of investments. For investment advisory services provided to funds, ABF is entitled to compensation in the form of an annual management fee equal to up to 0.50% per annum of the applicable fund’s net asset value, payable quarterly. These fees can be waived or reduced for certain investors. ABF and its affiliates may also receive financial advisory fees, transaction fees, and other fees from portfolio companies, co-investors, and joint venture partners.