Blackstone (NYSE:BX) today reported its first quarter 2014 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said,
“Blackstone reported first quarter records for Economic Net Income and
Distributable Earnings, with continued strong momentum across the board.
With leading, global platforms across multiple asset classes, our
investors benefit from our ability to identify relative value across
markets and deploy capital toward ideas with the best risk-reward
profile. As such, the environment for new investments has remained
favorable for us and we deployed or committed $7.4 billion in the
quarter. This also translates into leading investment performance and
our investors have entrusted us with greater amounts of their capital as
a result. Blackstone remains one of the fastest growing managers in the
fastest growing part of asset management, and we ended the quarter with
a record $272 billion in total assets under management, up 25% year over
year.”
Blackstone issued a full detailed presentation of its first quarter 2014
results, which can be viewed at www.Blackstone.com.
Distribution
Blackstone has declared a quarterly distribution of $0.35 per common
unit to record holders of common units at the close of business on
April 28, 2014. This distribution will be paid on May 5, 2014.
Quarterly Investor Call Details
Blackstone will host a conference call on April 17, 2014 at
11:00 a.m. ET to discuss first quarter 2014 results. The conference call
can be accessed via the Investors section of Blackstone’s website at www.Blackstone.com
or by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291
(international), pass code 149 943 55#. For those unable to listen to
the live broadcast, a replay will be available on www.Blackstone.com
or by dialing +1 (888) 286-8010 (U.S. domestic) or +1 (617) 801-6888
(international), pass code 611 288 63#.
About Blackstone
Blackstone (NYSE:BX) is one of the world’s leading investment and
advisory firms. We seek to create positive economic impact and long-term
value for our investors, the companies we invest in, the companies we
advise and the broader global economy. We do this through the commitment
of our extraordinary people and flexible capital. Our asset management
businesses include investment vehicles focused on private equity, real
estate, hedge fund solutions, non-investment grade credit, secondary
funds, and multi asset class exposures falling outside of other funds’
mandates. Blackstone also provides various financial advisory services,
including financial and strategic advisory, restructuring and
reorganization advisory and fund placement services. Further information
is available at www.Blackstone.com.
Follow Blackstone on Twitter @Blackstone.
Forward-Looking Statements
This release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 which reflect Blackstone’s current views
with respect to, among other things, Blackstone’s operations and
financial performance. You can identify these forward-looking statements
by the use of words such as “outlook,” “believes,” “expects,”
“potential,” “continues,” “may,” “will,” “should,” “seeks,”
“approximately,” “predicts,” “intends,” “plans,” “estimates,”
“anticipates” or the negative version of these words or other comparable
words. Such forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors that
could cause actual outcomes or results to differ materially from those
indicated in these statements. Blackstone believes these factors include
but are not limited to those described under the section entitled “Risk
Factors” in its Annual Report on Form 10-K for the fiscal year ended
December 31, 2013, as such factors may be updated from time to time in
its periodic filings with the Securities and Exchange Commission, which
are accessible on the SEC’s website at www.sec.gov.
These factors should not be construed as exhaustive and should be read
in conjunction with the other cautionary statements that are included in
this release and in the filings. Blackstone undertakes no obligation to
publicly update or review any forward-looking statement, whether as a
result of new information, future developments or otherwise.
This release does not constitute an offer of any Blackstone Fund.
Copyright Business Wire 2014