Reported 2 days ago
Blackstone announced a stronger-than-expected profit for the first quarter, fueled by successful asset sales in its private equity and credit divisions, despite market volatility and policy uncertainties. The firm saw its distributable earnings rise 11% to $1.41 billion, surpassing analyst expectations. Blackstone also experienced significant inflows of $61.64 billion, leading to a total of $1.17 trillion in assets under management, although its real estate sector faced challenges due to high interest rates.
Source: YAHOO