Blackstone Inc. reported robust financial results for Q2 2024, with distributable earnings of $1.25 billion, up 3% year-over-year. Total assets under management reached a record $1.08 trillion, increasing 7% from the previous year. Fee-related earnings were $1.11 billion for the quarter.The firm saw continued strength across its diversified platforms. The Real Estate segment generated $516.5 million in distributable earnings, while Private Equity contributed $485.8 million. Credit & Insurance and Multi-Asset Investing segments delivered $354.1 million and $63.0 million respectively. Blackstone deployed $14.6 billion in Real Estate in the first half of 2024, over double the amount from H1 2023.Blackstone maintained a strong balance sheet with $2.4 billion in cash and $5.4 billion in investments. The board authorized a new $2 billion share repurchase program. While near-term economic uncertainty remains, Blackstone sees attractive long-term opportunities across its businesses, supported by secular tailwinds in private markets and strong investment performance.

Blackstone Inc. reported robust financial results for Q2 2024, with distributable earnings of $1.25 billion, up 3% year-over-year. Total assets under management reached a record $1.08 trillion, increasing 7% from the previous year. Fee-related earnings were $1.11 billion for the quarter.The firm saw continued strength across its diversified platforms. The Real Estate segment generated $516.5 million in distributable earnings, while Private Equity contributed $485.8 million. Credit & Insurance and Multi-Asset Investing segments delivered $354.1 million and $63.0 million respectively. Blackstone deployed $14.6 billion in Real Estate in the first half of 2024, over double the amount from H1 2023.Blackstone maintained a strong balance sheet with $2.4 billion in cash and $5.4 billion in investments. The board authorized a new $2 billion share repurchase program. While near-term economic uncertainty remains, Blackstone sees attractive long-term opportunities across its businesses, supported by secular tailwinds in private markets and strong investment performance.