Blackstone Reports Second Quarter Results
July 16 2015 - 7:00AM
Business Wire
Blackstone (NYSE:BX) today reported its second quarter 2015
results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer,
said, “We produced solid results for our investors in the second
quarter with strong realization activity despite challenging market
conditions. While the weak global equity markets adversely impacted
some of our holdings, underlying portfolio company fundamentals are
trending significantly better than the overall economy and point
towards a fertile field for future value growth and realizations.
At the same time we reported $94 billion in gross capital
inflows over the past twelve months, a record for the firm and our
industry, propelling our Total Assets Under Management to another
record of $333 billion, up 19% year-over-year.”
Blackstone issued a full detailed presentation of its second
quarter 2015 results, which can be viewed at
www.Blackstone.com.
Distribution
Blackstone has declared a quarterly distribution of $0.74 per
common unit to record holders of common units at the close of
business on July 27, 2015. This distribution will be paid on
August 3, 2015.
Quarterly Investor Call Details
Blackstone will host a conference call on July 16, 2015 at
11:00 a.m. ET to discuss second 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) 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 on www.Blackstone.com or by
dialing +1 (888) 286-8010 (U.S. domestic) or
+1 (617) 801-6888 (international), pass code
569 325 10#.
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 $330 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 within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 which reflect
Blackstone’s current views with respect to, among other things,
Blackstone’s operations and financial performance. You can identify
these forward-looking statements by the use of words such as
“outlook,” “believes,” “expects,” “potential,” “continues,” “may,”
“will,” “should,” “seeks,” “approximately,” “predicts,” “intends,”
“plans,” “estimates,” “anticipates” or the negative version of
these words or other comparable words. Such forward-looking
statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements. Blackstone believes these factors
include but are not limited to those described under the section
entitled “Risk Factors” in its Annual Report on Form 10-K for the
fiscal year ended December 31, 2014, as such factors may be
updated from time to time in its periodic filings with the
Securities and Exchange Commission, which are accessible on the
SEC’s website at www.sec.gov. These factors should not be construed
as exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release and in the
filings. Blackstone undertakes no obligation to publicly update or
review any forward-looking statement, whether as a result of new
information, future developments or otherwise.
This release does not constitute an offer of any Blackstone
Fund.
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version on businesswire.com: http://www.businesswire.com/news/home/20150716005364/en/
Investor and Media Relations:BlackstoneJoan Solotar,
+1-212-583-5068solotar@blackstone.comorWeston Tucker,
+1-212-583-5231tucker@blackstone.comorPeter Rose,
+1-212-583-5871rose@blackstone.com
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