Blackstone SOTP Valuation Analysis – No Direct Allegations

Blackstone SOTP Valuation Analysis – No Direct Allegations The document is a financial valuation and sensitivity analysis for Blackstone's (BX) conversion and performance fees. It contains no references to misconduct, political figures, foreign influence, or illicit financial flows, offering minimal investigative value. Key insights: Provides upside/downside case scenarios for Blackstone's share price post C‑corp conversion.; Includes pre‑tax and after‑tax core FRE per share estimates for 2018.; Shows implied carry value and multiple on future performance fees.