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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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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
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