Blackstone Inc

Strong Financial Performance: Blackstone reported a GAAP net income of $1.2 billion and distributable earnings of $1.4 billion, up 11% year-over-year. Fee-related earnings grew 9%, marking one of the best quarters in the firm's history, with management fees reaching a record $1.9 billion in Q1.

Record Fundraising Success: The firm achieved $62 billion in inflows for Q1, the highest level in three years and contributing to nearly $200 billion over the last 12 months. Assets under management (AUM) increased 10% year-over-year to nearly $1.2 trillion, showcasing broad-based momentum across various channels.

Challenges in Economic Environment: The ongoing uncertainty due to tariff negotiations and its potential impact on economic growth and inflation could affect investor sentiment. Although Blackstone anticipates limited direct exposure to tariffs across its portfolio, potential second-order effects may pose risks.