Record Distributable Earnings
Blackstone reported distributable earnings of $1.9 billion, marking an increase of nearly 50% year-on-year.
Assets Under Management Reaches New Record
Assets under management reached a new industry record of $1.24 trillion, with inflows reaching $54 billion for the quarter.
Significant Growth in Private Wealth Channel
Private wealth AUM grew 15% year-over-year to nearly $290 billion, with fundraising doubling year-over-year in the third quarter.
Strong Performance in Infrastructure and Credit
Infrastructure and asset-based credit business grew 29% year-over-year to $107 billion, with infrastructure appreciating 5.2% in the quarter.
Launch of Defined Contribution Business
Blackstone launched its defined contribution business following President Trump's executive order for privates and 401(k)s.