Blackstone Reports Fourth Quarter and Full Year Results
January 28 2016 - 7:00AM
Business Wire
Blackstone (NYSE:BX) today reported its fourth quarter and full
year 2015 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer,
said, “Despite challenging and volatile markets, Blackstone
continues to deliver strong results for our limited partners and
unitholders. Our investment funds largely outperformed global
markets by a wide margin last year and we remained very active in
terms of realizations, returning $43 billion to our fund
investors and generating record distributable earnings. We
simultaneously deployed $32 billion into new investments, a
record pace which accelerated in the fourth quarter given the
increasingly attractive investment backdrop. With the industry’s
largest pool of dry powder capital of $80 billion, we remain
extraordinarily well positioned to move with speed and certainty as
investment opportunities arise.”
Blackstone issued a full detailed presentation of its fourth
quarter and full year 2015 results, which can be viewed at
www.blackstone.com.
Distribution
Blackstone has declared a quarterly distribution of
$0.61 per common unit to record holders of common units at the
close of business on February 8, 2016. This distribution will
be paid on February 16, 2016.
Quarterly Investor Call Details
Blackstone will host a conference call on January 28, 2016
at 11:00 a.m. ET to discuss fourth quarter and full year
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
775 564 51#.
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. 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,” “indicator,” “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/20160128005473/en/
Investor and Media RelationsBlackstoneJoan Solotar, +1
(212) 583-5068solotar@blackstone.comorWeston Tucker, +1 (212)
583-5231tucker@blackstone.comorChristine Anderson, +1 (212)
583-5182Christine.Anderson@blackstone.com
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