Blackstone: Fourth Quarter Realization Update for Q4
Blackstone, one of the world’s leading alternative asset managers, shared some exciting news today about their fourth-quarter performance. The company announced that they anticipate recording over $775 million in total Realized Performance Revenues and Realized Principal Investment Income from October 1, 2024, to December 23, 2024.
This estimate includes revenue from investment realizations that were closed earlier in the fourth quarter, as well as non-fee related incentive fees included in Realized Performance Revenues and other investment income expected by quarter-end. Interestingly, about 95% of this estimate comes from Realized Performance Revenues, with the remaining 5% from Realized Principal Investment Income.
It’s important to note that this preliminary estimate is not meant to predict the total revenue or segment revenues for the entire quarter ending on December 31, 2024. There might be differences in the final results. Factors like fee income and expenses were not included in this estimate, and Blackstone could experience additional gains or losses not accounted for in this initial prediction.
As the world’s largest alternative asset manager, Blackstone manages over $1.1 trillion in assets across various investment strategies. They are committed to providing strong returns for both institutional and individual investors by supporting the growth and success of the companies they invest in.
For more information about Blackstone and their investment strategies, you can visit their website at www.blackstone.com. You can also follow them on social media platforms like LinkedIn, Twitter, and Instagram to stay updated on their latest news and insights.
Please keep in mind that the information shared in this announcement contains forward-looking statements that are subject to risks and uncertainties. Factors like significant market developments after December 23, 2024, could impact the actual outcomes. It’s essential to refer to Blackstone’s regulatory filings for a comprehensive understanding of these factors.
If you have any questions or need more information, you can reach out to Weston Tucker at Blackstone for investor inquiries or Matt Anderson for media-related questions. They can be contacted at the provided phone numbers and email addresses.
