The world’s largest alternative investment firm, Blackstone’s, assets under management soared to a record $1.1 trillion, according to a third-quarter earnings call that took place Oct. 17, surpassing Wall Street’s expectations.
Blackstone reported inflows at $40.5 billion in the third quarter and $166.7 billion throughout the past 12 months. The firm recorded $34 billion of deployments in the quarter and $123.4 billion in the past 12 months, and $22.7 billion of realizations in the quarter, and $77 billion through the past year.
“Blackstone reported strong third-quarter results, highlighted by broad-based acceleration across our business,” said Stephen Schwarzman, chairman and CEO of Blackstone. “We invested or committed $54 billion in the quarter — the highest in over two years — and deployed $123 billion in the last 12 months since the cost of capital peaked. The third quarter also represented the highest amount of overall fund appreciation in three y
