Blackstone (NYSE:BX) today reported its first quarter 2015 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said,
“Blackstone again broke all of our asset and earnings records in the
first quarter. Economic Net Income doubled from the prior year, while
Distributable Earnings rose nearly 160%. Realization activity continued
to accelerate while, at the same time, we’ve been raising and investing
funds at an unprecedented rate, creating the basis for future value. Our
limited partners entrusted us with $30 billion of new capital in the
quarter and $77 billion over the last twelve months, shattering our own
record for the alternative asset management industry, and driving our
Total Assets Under Management to $310 billion, up 14% year over year.”
Blackstone issued a full detailed presentation of its first quarter 2015
results, which can be viewed at www.Blackstone.com.
Distribution
Blackstone has declared a quarterly distribution of $0.89 per common
unit to record holders of common units at the close of business on
April 27, 2015. This distribution will be paid on May 4, 2015.
Quarterly Investor Call Details
Blackstone will host a conference call on April 16, 2015 at
11:00 a.m. ET to discuss first quarter 2015 results. The conference call
can be accessed via the Investors section of Blackstone’s website at www.Blackstone.com
or by dialing +1 (877) 384-4191 (U.S. domestic) or +1 (857) 244-7413
(international), pass code 197 089 58#. 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 538 280 93#.
About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to
create positive economic impact and long-term value for our investors,
the companies we invest in, and the communities in which we work. We do
this by using extraordinary people and flexible capital to help
companies solve problems. Our asset management businesses, with over
$300 billion in assets under management, include investment vehicles
focused on private equity, real estate, public debt and equity,
non-investment grade credit, real assets and secondary funds, all on a
global basis. 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, 2014, 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.
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