Blackstone is on the lookout for buying opportunities from the global stock market slide that has started the year, particularly in hard-hit sectors such as ecommerce, cloud computing and cyber security.
The company generated $5.8bn in quarterly revenues, with earnings per share up nearly 80 per cent at $1.92. It announced a quarterly dividend of $1.45 — 51 per cent more than the previous year.
Inflows of new money amounted to $77bn in the fourth quarter, which Blackstone ended with a record war chest of $881bn, up 42 per cent on 2020.
It sold assets worth $21bn during the quarter, including lender Exeter Finance. It was even more active in new investments, deploying more than $66bn, which took its 2021 total to a record $144bn.
Read more: Business Telegraph
