Blackstone Expects Profits From Exiting Deals to be Muted in Q3
Blackstone(BX) ZACKS·2024-09-26 21:16
For the first time, Blackstone Inc. (BX) has provided an intra-quarter realization update related to the third quarter. The alternative asset manager expects profits from deal exits to be muted in the quarter.Per the firm’s preliminary estimate, revenues from realization activities were in excess of $300 million between July 1 and Sept. 24, 2024.The above-mentioned figure consists of 85% of realized performance revenues and 15% of realized principal investment income.The estimated figure is based on closed ...