Twitter LinkedIn
    Sunday, March 26
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Investments»Blackstone’s record $1.4bn profit powered by real estate business
    Investments

    Blackstone’s record $1.4bn profit powered by real estate business

    January 28, 2022Updated:January 28, 20221 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Blackstone Inc on Thursday said distributable earnings rose by 55% to a record high, as the world’s largest manager of alternative assets took advantage of rising markets to sell assets for top dollar.

    Blackstone said it generated $21 billion from cashing out investments, including the sale of sub-prime auto lender Exeter Finance to private equity firm Warburg Pincus and the divestment of jeweler Diamond Direct to Signet Jewelers Ltd in a $490 million transaction.

    Total assets under management rose to a record $881 billion, up 21% from the $730.7 billion posted three months earlier owing to a record amount of fundraising.

    As a result, Blackstone said it now expects to reach its goal of managing $1 trillion in assets this year, much earlier than a previously announced target of 2026. Its unspent capital stood at $135.8 billion.

    Read more: Reuters

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals Investments PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans

    March 16, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    Zonda acquires Canadian listings platform BuzzBuzzHome

    May 3, 2021

    CalPERS pledges $605m to 4 alts funds

    February 21, 2022

    AutoVitals acquires loyalty marketing software provider BayIQ

    January 8, 2021

    Cybersecurity Firm Darktrace Plans London Stock-Market Listing

    April 12, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?