BARATTA: Yeah. Joseph Baratta net worth, bio and Blackstone Inc insider trades. BARATTA: Yeah. To view recent press releases, click here. BARATTA: What weve found is that control is important in India. BARATTA: Yeah. Again, were not perfect. How do I contact Joseph Baratta? BARATTA: Yeah. Publicly traded Blackstone . 40+ "Joe Baratta" profiles | LinkedIn Over the last 16 years, insiders at Blackstone Inc have traded over $2,308,931,535 worth of Blackstone Inc stock and bought 906,721 units worth $30,000,792 RITHOLTZ: To say nothing of two people separated by a common language, right? It was more of a cottage industry. BARATTA: Even more mature companies. So I wanted to get a job at a private equity firm. BARATTA: Not a bit, not a bit. Barry Ritholtz. It is a rapidly growing economy, with a highly educated workforce, that with supply chain dynamics now moving toward Southeast Asia and India. So we were working with our real estate guys in health care facilities, and visitor attractions, and theme parks. It does this by using extraordinary people and flexible capital to help companies solve problems. Atika Valbrun is our project manager. RITHOLTZ: So eventually you leave Morgan Stanley, you ended up at Tinicum Incorporated and McCown De Leeuw & Company. Signup for our newsletter to get notified about sales and new products. So warm sunshine, no interest? About 10 or 15 years later, we actually did work together, and he acknowledged that moment and said, God, I just thought you guys were just such jokes. RITHOLTZ: But youre still dealing with a lot of European at that time. And, you know, I needed to earn some money and I was adept in finance. In the last 16 years, insiders at Blackstone Inc have sold an estimated . RITHOLTZ: Really interesting. My dad was a bodybuilder and owned three gyms in Sacramento. So I said, well, what kind of deals worked in the U.S. in the early 90s, in my experience? First Eagle Investment Management, you mentioned Medline earlier, Ancestry.com is probably things people are familiar with. RITHOLTZ: You see that on the private market? But I could have evolved more quickly as an investor, you know, over time, and I continue to learn that lesson. When did that beckon? Mr. Joseph Patrick Baratta, also known as Joe, has been the Global Head of Private Equity at The Blackstone Group, Private Equity Group since July 2012. Joseph Baratta* Global Head of Private Equity Wayne Berman Global Head of Government Relations David Blitzer Global Head of Tactical Opportunities Martin Brand Head of North America Private Equity and Global Co-Head of Technology Investing Kenneth Caplan Global Co-Head of Real Estate Gilles Dellaert Global Head of Blackstone Insurance Solutions And we were like, look, wed be great partners as youre looking at assets. RITHOLTZ: Lets talk about books. Fintechs, beat down by the tech meltdown last year, are struggling to make good on their pitch to consumers. How do you use all of this data thats generated by all of your portfolio companies to navigate the world at large? He helped to build out Blackstones PE business in Europe in 2001, moving to London in 2001. Learn More Get subscriber-only insights and news delivered by Barry every two weeks. The first job for Morgan Stanley was McCown De Leeuw. And in the end, we ended up just buying the U.S. textbook business, Houghton Mifflin. In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in 99. How are you looking at a geopolitical event like that affecting, you know, whats taking place on the continent? So we kind of went on, did some missionary work, meeting the local private equity firms in France and, of course, in the U.K., in Germany, up in the Nordic region, in Italy, and we just met all the other players. Joseph Baratta is the Global Head of Private Equity and a member of Blackstone's Board of Directors. So its a whole broad spectrum of investing in the energy complex focused on the transition from hydrocarbons to renewable sources. BARATTA: and nice calling card. Its very hard for us to assemble much more than a $5 billion equity check. And there are thousands of companies in the U.S. . What was it like on the private side at the end in the 90s? BARATTA: Well, I think if you look at the evolution of the size of private equity transactions over the last decade, actually, they havent grown very much, notwithstanding the fact that the equity capital market cap is like three or four times bigger than it was in 2007. And today, were knocking on the door of 5,000. RITHOLTZ: and they then diversify and or Im sorry, they made them divest those vertically integrated holdings? BARATTA: Yeah. Thats interesting. Who cares about brown shoes? As for the right way, the correct way, and the only way, it does not exist. The IOC and FIFA are scrambling to change their ways before it's too late. April 15, 2023 10:00am by Am I exaggerating that at all or . RITHOLTZ: So you lasted two or three years, and then you get tapped to go to London in 2001. But I love the announcement when you were promoted to Global Head of PE from Blackstone, they said the 73 investments and pending deals youre involved, and combined for $117 billion in revenue, the equivalent of the 13th largest company by revenue on the Fortune 500 list. India is very attractive. Its attracted a lot of capital. And so, we began to hire local people who were young in their careers. I have my way. And then we started seeing significant signs in inflation, particularly in our real estate business, with rents going up significantly, wages going up across our private equity portfolio, beginning to see pricing power for many of our companies that they hadnt had in a long time. And today, the clear direction of travel is toward weaning ourselves or these big economies off of hydrocarbons for power. Were coming off of a period of low inflation, low rates, and suddenly we have higher inflation and rising rates. Roger Staubach, Tony Dorsett, Tony, RITHOLTZ: Oh, really? All of our earlier podcasts on your favorite pod hosts can be found here. Feel free to sign up for my daily reading list at ritholtz.com. BARATTA: In November of 2001, when I moved over , BARATTA: The industry wasnt called private equity; it was called venture capital and it wasnt . BARATTA: But they were private equity. High-yield junk bonds still 'frothy': Blackstone - Yahoo What is energy transition? Now, in that moment, Americans were sort of viewed positively and as neutral. So we did a lot of these sorts of consolidation place. Blackstone's Top Dealmaker Says Now Is The Most Difficult Period He's That was our first deal in Europe, which was actually a U.S. deal, but we probably wouldnt have done it had we not been there . RITHOLTZ: Youre like late 20s at this time? BARATTA: watch media, changed the way we shop, changed the way we found information.
