Overview
- Distributable earnings rose to $1.89 billion, or $1.52 per share, driven by strong performance in private credit and private equity.
- Fundraising totaled $54.2 billion in the quarter, with the credit and insurance arm contributing nearly two-thirds of inflows.
- Blackstone deployed $26.6 billion, realized sizable exits including $7.3 billion of commercial real estate sales, and reported $188.1 billion of dry powder.
- New deal activity features a proposed take-private of Hologic with TPG valued up to $18.3 billion and a $7 billion investment in Sempra’s Texas LNG facility.
- GAAP results showed revenue of $3.09 billion and net income of $624.9 million, while falling rates could compress private-credit returns as investors assess credit quality; shares fell about 2.5% after the report.