Blackstone revenues total USD4bn in 2012
Blackstone has reported record full year, revenue, assets under management and public company earnings.
Stephen A Schwarzman (pictured), chairman and chief executive officer, says: “The fourth quarter of 2012 capped a year of record financial performance for Blackstone, with full-year revenues of over USD4bn and economic net income of USD2bn, our best results since becoming a public company over five-and-a-half years ago.
“We’ve generated consistently strong investment performance for our limited partner investors across market cycles since our inception 28 years ago, and 2012 was no exception, with all of our businesses beating their respective benchmarks. Our favourable performance continues to support the positive cycle of further growth, as our current investors reinvest with us and we also attract new investors around the world.
“For the full year we reported gross organic capital inflows of USD34bn, and returned USD18bn to our investors, resulting in record total assets under management of USD210bn, up 26 per cent year over year.”
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