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Blackstone reaches another AUM record, net income up nearly 50% in quarter

November 1, 2016

Blackstone reaches another AUM record, net income up nearly 50% in quarter

 | BY MEAGHAN KILROY | Pensions & Investments

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Blackstone Group’s assets under management grew to a record $361 billion as of Sept. 30, up 1.3% from three months earlier and up 8.1% from 12 months earlier, said the firm’s third-quarter earnings report released Thursday.

The alternative investment firm reported $14.7 billion in gross inflows for the third quarter, and $68.5 billion for the 12 months ended Sept. 30. Deployed capital totaled $4.3 billion in the quarter and $15 billion year-to-date through Sept. 30.

Private equity AUM was $99.7 billion at the end of the third quarter, unchanged from the end of the second quarter and up 9% year-over-year. Real estate assets under management totaled $101.9 billion as of Sept. 30, down 1.3% from the previous quarter but up 9.3% from the year-earlier quarter. Hedge fund AUM was $70.1 billion at the end of the third quarter, up 2.2% and 2.5% from three and 12 months earlier, respectively. Credit AUM was $89.3 billion as of Sept. 30, up 5.4% from June 30 and up 10.5% from Sept. 30, 2015.

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Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.