Blackstone closed the first quarter of 2025 with an attributable net profit of $847 million (€745 million), an increase of 37.7% compared to the same period of the previous year. Total revenues amounted to $3,688 million (EUR 3,246 million), up 12.1%.
Within this figure, management and advisory fees amounted to $1,727 million (EUR 1,520 million), 9.3% less than in the first quarter of 2024. Success fees, on the other hand, grew 33% to $1,098 million (EUR 966 million).
On the other hand, principal investment income rose 57% to $540 million (EUR 475 million), while incentive fees declined 6.8% to $179 million (EUR 158 million).
Employee compensation costs during the quarter declined 8.7% to $1,308 million (EUR 1,151 million). In contrast, general and administrative expenses rose 11.4% to USD 370 million (EUR 326 million).
As of 31 March, Blackstone's assets under management amounted to $1.167 trillion (EUR 1.027 trillion), a year-on-year increase of 10%.
In terms of performance, private equity funds generated a return of 14.1% in the 12 months ended March. Infrastructure funds returned 23.6%, private credit funds 15%, and multi-asset funds posted an annual return of 11%.
See all the information at:
https://www.blackstone.com/wp-content/uploads/sites/2/2025/04/Blackstone1Q25EarningsPressRelease.pdf
About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s nearly $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
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