Blackstone has released its third-quarter performance report, which showed credit and insurance strategies accounted for more than half of the firm’s total asset growth. Infrastructure returns reached 19.3 percent year-to-date, marking the strongest returns out of the sectors.
“Blackstone reported an exceptional third quarter, highlighted by outstanding financial results and robust fundraising momentum across our three major channels — institutions, insurance and individuals,” said Stephen Schwarzman, chairman and CEO, in a statement. “Inflows reached $54 billion in the quarter and $225 billion throughout the last 12 months. The leading platforms we’ve established in key growth areas, such as digital and energy infrastructure, are helping power investment performance for our clients and position us extraordinarily well for the future.”
Infrastructure inflows LTM reached nearly $12 billion and saw returns of 5.2 percent in the third quarter.
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