Reported about 1 month ago
Blackstone exceeded profit forecasts with record assets totaling $1.1 trillion, driven by a surge in dealmaking as the U.S. Federal Reserve cut rates. The firm experienced $41 billion in inflows and committed $54 billion in capital, marking the highest activity in over two years. Its private equity and infrastructure funds saw significant appreciation, while distributable earnings reached $1.3 billion, surpassing analysts’ estimates. The company also executed major acquisitions, reinforcing its market position.
Source: YAHOO