Blackstone reported strong Q2 2021 results, achieving its best-ever quarter of fund appreciation. The firm's AUM grew by 21% year-over-year to a record $684 billion, driven by strong investment performance and a culture of innovation that has broadened its client base and investment capabilities.
GAAP Net Income was $2.9 billion.
Fee Related Earnings (FRE) reached $704 million ($0.58/share), up 30% year-over-year.
Distributable Earnings (DE) were $1.1 billion ($0.82/share), up 95% year-over-year.
Total Assets Under Management (AUM) hit $684.0 billion, a 21% increase year-over-year.
This report contains forward-looking statements subject to risks and uncertainties, including the impact of COVID-19, as detailed in the company's SEC filings.
Visualization of income flow from segment revenue to net income