Blackstone’s AUM up 7.7% year-over-year

Blackstone, one of the world’s leading investment firms, had nearly $20 billion of capital inflows in the third quarter 2017, bringing the firm to a new record for assets under management of $387 billion, up 7 percent year-over-year, according to the firm’s third quarter 2017 earnings report.

The new record was achieved through a combination of continued fundraising, organic platform expansion and fund appreciation. Inflows were $19.7 billion in third quarter, bringing the last 12 months’ inflows to $62.4 billion, compared to inflows of $12.1 billion in the second quarter and $57.4 billion for the year ended June 30.

Real estate came in on top with the most assets under management at $111.3 billion, up 9 percent year-over-year. Opportunistic funds’ carrying value increased 5.5 percent in the third quarter as well, due to strong appreciation in both the private

and public investment portfolios. In addition, core-plus funds’ carrying value increased 3.2