Blackstone additionally reported its fourth-quarter and full-year 2024 earnings forward of US market opening on Thursday.
Chair and CEO Stephen Schwarzman described the efficiency as one of many agency’s strongest, stating, “Blackstone reported top-of-the-line quarters in our historical past.”
He famous that earnings development accelerated sharply, with inflows, funding exercise, and realizations reaching their highest ranges in two-and-a-half years.
The choice asset supervisor, which invests in personal fairness, actual property, infrastructure, and credit score, reported an eight p.c year-over-year enhance in property beneath administration, reaching US$1.1tn. Fourth-quarter inflows totaled US$57.5bn, contributing to US$171.5bn in new property for the total 12 months.
Nonetheless, Blackstone’s Blackstone Actual Property Earnings Belief (BREIT) has struggled with plateauing development and weaker returns amid a sluggish actual property market. This locations further stress on funds like BXPE to generate sturdy efficiency.
