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The Blackstone Group L.P. Message Board

  • jack_mlyn jack_mlyn Apr 18, 2013 8:09 AM Flag

    EARNINGS

    Blackstone (BX) today reported its first quarter 2013 results.

    Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone achieved strong first quarter results across the board. Revenue rose 29% year-over-year, and earnings were up 28%. Greater realizations, reaching $6 billion in the quarter, drove our second best quarter for cash earnings since becoming a public company. Blackstone also continues to show sustained asset growth. Although several of our investment businesses are already the largest of their kind in the world, every one reported year-over-year double-digit growth in total assets under management.”

 
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