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8-K - FORM 8-K - Blackstone Group Inc | d909856d8k.htm |
EX-99.2 - EX-99.2 - Blackstone Group Inc | d909856dex992.htm |
Exhibit 99.1
Blackstone Reports First Quarter Results
New York, April 16, 2015: Blackstone (NYSE:BX) today reported its first quarter 2015 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, Blackstone again broke all of our asset and earnings records in the first quarter. Economic Net Income doubled from the prior year, while Distributable Earnings rose nearly 160%. Realization activity continued to accelerate while, at the same time, weve been raising and investing funds at an unprecedented rate, creating the basis for future value. Our limited partners entrusted us with $30 billion of new capital in the quarter and $77 billion over the last twelve months, shattering our own record for the alternative asset management industry, and driving our Total Assets Under Management to $310 billion, up 14% year over year.
Blackstone issued a full detailed presentation of its first quarter 2015 results, which can be viewed at www.Blackstone.com.
Distribution
Blackstone has declared a quarterly distribution of $0.89 per common unit to record holders of common units at the close of business on April 27, 2015. This distribution will be paid on May 4, 2015.
Quarterly Investor Call Details
Blackstone will host a conference call on April 16, 2015 at 11:00 a.m. ET to discuss first quarter 2015 results. The conference call can be accessed via the Investors section of Blackstones website at www.Blackstone.com or by dialing +1 (877) 384-4191 (U.S. domestic) or +1 (857) 244-7413 (international), pass code 197 089 58#. 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 538 280 93#.
About Blackstone
Blackstone is one of the worlds 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 $300 billion in assets under management, include investment vehicles focused on
The Blackstone Group L.P.
345 Park Avenue
New York, New York 10154
T 212 583 5000
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 Blackstones current views with respect to, among other things, Blackstones 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 SECs 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 Relations Contacts
Joan Solotar Blackstone Tel: +1 (212) 583-5068 solotar@blackstone.com |
Weston Tucker Blackstone Tel: +1 (212) 583-5231 tucker@blackstone.com |
Peter Rose Blackstone Tel: +1 (212) 583-5871 rose@blackstone.com |
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