Blackstone Reports Record First Quarter Results

NEW YORK–(BUSINESS WIRE)– Blackstone (NYS: BX) today reported its first quarter 2013 results.

Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone achieved strong first quarter results across the board. Revenue rose 29% year-over-year, and earnings were up 28%. Greater realizations, reaching $6 billion in the quarter, drove our second best quarter for cash earnings since becoming a public company. Blackstone also continues to show sustained asset growth. Although several of our investment businesses are already the largest of their kind in the world, every one reported year-over-year double-digit growth in total assets under management.”

Blackstone issued a full detailed presentation of its first quarter 2013 results which can be viewed at www.Blackstone.com.

Distribution

Blackstone has declared a quarterly distribution of $0.30 per common unit to record holders of common units at the close of business on April 29, 2013. This distribution will be paid on May 6, 2013.

Quarterly Investor Call Details

Blackstone will host a conference call on April 18, 2013 at 11:00 a.m. ET to discuss first quarter 2013 results. The conference call can be accessed via the Unit Holders section of Blackstone’s website at http://ir.blackstone.com/events.cfm or by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (international), pass code 149 943 55#. For those unable to listen to the live broadcast, a replay will be available following the call at http://ir.blackstone.com/events.cfm or by dialing +1 (888) 286-8010 (U.S. domestic) or +1 (617) 801-6888 (international), pass code 472 905 13#.

About Blackstone

Blackstone (NYS: BX) is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-focused funds and closed-end funds. 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 us on Twitter @Blackstone.

From: http://www.dailyfinance.com/2013/04/18/blackstone-reports-record-first-quarter-results/