Sign in

    Alexander Bernstein

    Research Analyst at JPMorgan Chase & Co.

    Alexander Bernstein is an analyst at JPMorgan Chase & Co., focusing on financial analysis and investment banking within the firm's Real Estate and Lodging Investment Banking group. While detailed performance metrics and publicly tracked rankings such as TipRanks are not available for him, his responsibilities have included coverage of major real estate companies and facilitating high-profile transactions. Alexander began his career as an Investment Banking Analyst at Lazard before joining JPMorgan Chase & Co., building a foundation in financial markets and transactional analysis. He holds standard industry credentials for investment banking professionals, including relevant FINRA registrations and securities licenses.

    Alexander Bernstein's questions to P10 (PX) leadership

    Alexander Bernstein's questions to P10 (PX) leadership • Q1 2025

    Question

    Alexander Bernstein of JPMorgan Chase & Co. questioned the higher-than-expected Q1 step-downs and expirations, the drivers of fee rate seasonality, potential tax benefits from the Qualitas acquisition, and the M&A outlook in Europe.

    Answer

    EVP and CFO Amanda Coussens confirmed that full-year guidance for step-downs remains unchanged and reiterated the 103 basis point core fee rate target for the year, attributing the Q1 dip to seasonality and slight drag from expirations. She also noted the Qualitas deal structure offers no new tax amortization benefits. Chairman and CEO Luke Sarsfield described the M&A pipeline as 'vibrant and robust,' with a particular focus on European opportunities and strategic adjacencies in private credit and real assets.

    Ask Fintool Equity Research AI

    Alexander Bernstein's questions to P10 (PX) leadership • Q3 2024

    Question

    Alexander Bernstein inquired about the sustainability of P10's higher fee rates and the drivers behind the strong Q3 fundraising momentum, questioning if new strategic initiatives were already having an impact.

    Answer

    EVP & CFO Amanda Coussens attributed stable fee rates to oversubscribed funds in the attractive lower middle market, noting the future rate depends on the mix of commingled funds and SMAs. Chairman & CEO Luke A. Sarsfield added that while it's too early for new initiatives to be the primary driver, the strong fundraising reflects compelling strategies, alpha generation, and deep client relationships, highlighting $200 million in new SMA assets as a positive indicator of new client engagement models.

    Ask Fintool Equity Research AI

    Alexander Bernstein's questions to BLUE OWL CAPITAL (OWL) leadership

    Alexander Bernstein's questions to BLUE OWL CAPITAL (OWL) leadership • Q4 2024

    Question

    Alexander Bernstein, on for Ken Worthington of JPMorgan Chase & Co., asked for more detail on the gross-to-net deployment delta, the power of incumbency, and why the conversion was lower in Q4.

    Answer

    Co-Chief Executive Officer Marc S. Lipschultz reiterated that the dynamic is healthy, accelerates OID, and provides prepayment benefits. He characterized recent refinancings as companies with strong performance re-optimizing their capital structures in a healthier environment, rather than a surge of loans moving to the BSL market.

    Ask Fintool Equity Research AI

    Alexander Bernstein's questions to BROOKFIELD Corp /ON/ (BN) leadership

    Alexander Bernstein's questions to BROOKFIELD Corp /ON/ (BN) leadership • Q3 2024

    Question

    Alexander Bernstein, on for Ken Worthington, asked about any negative impacts on the P&C insurance business from Q3 hurricane activity and the outlook for Q4. He also inquired about potential changes to the energy transition opportunity following the U.S. election results.

    Answer

    President Nick Goodman reported a small, non-material impact from hurricanes in Q3 and does not expect anything significant in Q4, as the company has taken steps to derisk its exposure. On the energy transition business, he asserted that investment is driven by strong underlying fundamentals, such as renewables being the lowest-cost power source and high corporate demand, which are long-term trends that will support the business regardless of the political environment.

    Ask Fintool Equity Research AI