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Monday, 04/27/2015 7:19:02 AM

Monday, April 27, 2015 7:19:02 AM

Post# of 20496
BX +1% in P-M @ 41.82
BX was a suggested Buy before Earnings.

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Blackstone Reports First Quarter Results
BY Business Wire — 7:00 AM ET 04/16/2015


NEW YORK--(BUSINESS WIRE)-- Blackstone today reported its first quarter 2015 results.

Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone again broke all of our asset and earnings records in the first quarter. Economic Net Income doubled from the prior year, while Distributable Earnings rose nearly 160%. Realization activity continued to accelerate while, at the same time, we’ve been raising and investing funds at an unprecedented rate, creating the basis for future value. Our limited partners entrusted us with $30 billion of new capital in the quarter and $77 billion over the last twelve months, shattering our own record for the alternative asset management industry, and driving our Total Assets Under Management to $310 billion, up 14% year over year.”

Blackstone issued a full detailed presentation of its first quarter 2015 results, which can be viewed at www.Blackstone.com.

Distribution

Blackstone has declared a quarterly distribution of $0.89 per common unit to record holders of common units at the close of business on April 27, 2015. This distribution will be paid on May 4, 2015.

Quarterly Investor Call Details

Blackstone will host a conference call on April 16, 2015 at 11:00 a.m. ET to discuss first quarter 2015 results. The conference call can be accessed via the Investors section of Blackstone’s website at www.Blackstone.com or by dialing +1 (877) 384-4191 (U.S. domestic) or +1 (857) 244-7413 (international), pass code 197 089 58#. For those unable to listen to the live broadcast, a replay will be available on www.Blackstone.com or by dialing +1 (888) 286-8010 (U.S. domestic) or +1 (617) 801-6888 (international), pass code 538 280 93#.

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $300 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.Blackstone.com. Follow Blackstone on Twitter @Blackstone.

Forward-Looking Statements

This release may contain forward-looking statements..

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