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The Blackstone Group L.P. Message Board

  • bluecheese4u bluecheese4u Oct 20, 2012 10:09 AM Flag

    Blackstone’s Third Quarter 2012 Earnings

    Blackstone’s Third Quarter 2012 Earnings

    October 18, 2012

    Blackstone’s Third Quarter 2012 Highlights

    $622 million of Economic Net Income (“ENI”) was our third best quarter since going public.$1.3 billion of year-to-date ENI, a record, up 24% from the same period last year.GAAP net income was $129 million in the quarter net of non-cash IPO related expenses. $540 million of Distributable Earnings, up 4% year-over-year.Total AUM grew to a record $205 billion, up 30% year-over-year, on $38 billion of organic inflows.Significant inflows into new funds and strategies continued in the third quarter:•Completed fundraising for our latest global real estate fund which hit its cap at $13.3 billion.•Our first dedicated energy fund completed fundraising with $2.4 billion of total commitments.•Hedge Fund Solutions had $1.7 billion of net inflows during the quarter.•Credit launched its third closed-end fund and priced two new CLOs raising nearly $2 billion.•$36 billion of committed undrawn capital (“dry powder”) at the end of the third quarter.Announced agreement to acquire Capital Trust’s asset management platform ($2.4 billion of AUM).

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