Blackstone reported strong financial results for Q3 2024, with net income rising 70% to $1.56 billion compared to $920.7 million in Q3 2023. Total revenues increased 44% to $3.66 billion, primarily driven by a $1.11 billion increase in investment income. Fee-earning assets under management reached $820.5 billion, while total assets under management grew to $1.11 trillion.The firm's performance was led by strength in Private Equity and Credit & Insurance segments. Private Equity segment saw significant appreciation in Corporate Private Equity funds and infrastructure investments, while Credit & Insurance segment benefited from strong deployment activity of $18.4 billion in Q3. Real Estate segment faced some challenges but maintained solid performance in high-conviction sectors like digital infrastructure and logistics.Management fees and fee-related earnings remained robust, with Fee Related Earnings of $1.18 billion for the quarter. The company declared a dividend of $0.86 per share for Q3 2024. Blackstone maintained strong liquidity with $2.4 billion in cash and cash equivalents, while continuing its share repurchase program with $1.9 billion remaining authorization as of quarter end.

Blackstone reported strong financial results for Q3 2024, with net income rising 70% to $1.56 billion compared to $920.7 million in Q3 2023. Total revenues increased 44% to $3.66 billion, primarily driven by a $1.11 billion increase in investment income. Fee-earning assets under management reached $820.5 billion, while total assets under management grew to $1.11 trillion.The firm's performance was led by strength in Private Equity and Credit & Insurance segments. Private Equity segment saw significant appreciation in Corporate Private Equity funds and infrastructure investments, while Credit & Insurance segment benefited from strong deployment activity of $18.4 billion in Q3. Real Estate segment faced some challenges but maintained solid performance in high-conviction sectors like digital infrastructure and logistics.Management fees and fee-related earnings remained robust, with Fee Related Earnings of $1.18 billion for the quarter. The company declared a dividend of $0.86 per share for Q3 2024. Blackstone maintained strong liquidity with $2.4 billion in cash and cash equivalents, while continuing its share repurchase program with $1.9 billion remaining authorization as of quarter end.