Blackstone Reports First Quarter Results
16 April 2015 - 9:00PM
Business Wire
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.
BlackstoneInvestor and Media Relations:Joan Solotar,
+1-212-583-5068solotar@blackstone.comorWeston Tucker,
+1-212-583-5231tucker@blackstone.comorPeter Rose,
+1-212-583-5871rose@blackstone.com
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