Blackstone Reports First Quarter Results
April 17 2014 - 7:00AM
Business Wire
Blackstone (NYSE:BX) today reported its first quarter 2014
results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer,
said, “Blackstone reported first quarter records for Economic Net
Income and Distributable Earnings, with continued strong momentum
across the board. With leading, global platforms across multiple
asset classes, our investors benefit from our ability to identify
relative value across markets and deploy capital toward ideas with
the best risk-reward profile. As such, the environment for new
investments has remained favorable for us and we deployed or
committed $7.4 billion in the quarter. This also translates into
leading investment performance and our investors have entrusted us
with greater amounts of their capital as a result. Blackstone
remains one of the fastest growing managers in the fastest growing
part of asset management, and we ended the quarter with a record
$272 billion in total assets under management, up 25% year over
year.”
Blackstone issued a full detailed presentation of its first
quarter 2014 results, which can be viewed at
www.Blackstone.com.
Distribution
Blackstone has declared a quarterly distribution of $0.35 per
common unit to record holders of common units at the close of
business on April 28, 2014. This distribution will be paid on
May 5, 2014.
Quarterly Investor Call Details
Blackstone will host a conference call on April 17, 2014 at
11:00 a.m. ET to discuss first quarter 2014 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
611 288 63#.
About Blackstone
Blackstone (NYSE: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 asset management businesses include investment
vehicles focused on private equity, real estate, hedge fund
solutions, non-investment grade credit, secondary funds, and multi
asset class exposures falling outside of other funds’ mandates.
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, 2013, 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.
Investor and Media RelationsBlackstoneJoan 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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