The profit a firm actually books when it sells an investment, after investors' capital has been returned. It is the cash proof of a private equity return.
净变现
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| $331.5m | Blackstone's profit falls as choppy market tempers investment exits 净变现 · 第 4 张术语卡 | Down 34 per cent to $331.5 million; in private equity it nearly halved, to $194.1 million. 注意区分「变现额」与「净变现」：本季黑石卖出资产共回收 331 亿美元（gross realizations），但公司自己留下的净变现只有 3.315 亿——大部分钱要还给基金投资人，公司只拿业绩分成。 |