Corporate Finance

The day Blackstone crossed the $300bn under management

The American asset manager has just reported its excellent quarterly results.

The American asset manager has just reported its excellent quarterly results.


Blackstone’s first quarterly results will mark a milestone : it has just crossed $300bn of assets under management. The American alternative investment fund, created by Steve Schwarzman in 1985, is the first of its kind in the world to reach such a number. To be precise, the ex-private equity investor only, today diversified with multiple activities, has handled $310bn of assets these last three months. It is way more than last year’s $272bn. As for the profits, results are also positive with $1,6bn of net gains. Blackstone, the public listed company, has never stopped, during these last 12 months being trusted by its LPs, as the $77bn of fresh capital received has proven. Moreover, it has still much dry powder to spread, over $64bn. Enough to leave the european GPs dreaming…

F. S.

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