Blackstone, a global alternative investment management company, announced on the 24th that its operating assets rose 12% year-on-year to a record high of $1.3 trillion in the first quarter of this year.
In the first quarter of this year, funds flowing into Blackstone reached $69 billion. It has reached about $250 billion in cumulative terms over the past 12 months. Analysts say that the company has achieved even results in an environment where market volatility has increased due to the war in Iran and uncertainties related to artificial intelligence (AI).
Among them, the growth of the infrastructure sector was remarkable. The size of the global data center portfolio, including infrastructure assets under construction, has already exceeded $150 billion. It has even secured a $160 billion development pipeline. In addition, it is also participating in the modernization and expansion of the U.S. power grid to cope with the rapidly increasing demand for data center power.
The credit and insurance (BXCI) segment also grew 18% year-over-year. In particular, in the first quarter, the company achieved the highest level of performance ever in raising funds for institutional and insurance customers. Blackstone is expanding its role as a capital provider across the real economy, including infrastructure, residential finance, consumer finance, commercial finance, and aircraft leasing.
The private well sector also continued to grow. Operating assets in the sector rose 14% year-on-year to $310 billion, nearly tripling over the past five years.
“Despite a period of very high market volatility, Blackstone achieved excellent first-quarter performance through an inflow of funds worth approximately $70 billion and improved performance across its key strategy,” said Stephen Schwartzman, Chairman and CEO of Blackstone.
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