Blackstone Expects Profits From Exiting Deals to be Solid in Q4
Blackstone(BX) ZACKS·2024-12-25 01:46
Blackstone Inc. (BX) has provided an intra-quarter realization update related to the fourth quarter of 2024. The alternative asset manager expects profits from deal exits to be solid in the quarter.Per the firm’s preliminary estimate, revenues from realization activities were in excess of $775 million between Oct. 1 and Dec. 23, 2024. The figure consists of 95% of realized performance revenues and 5% of realized principal investment income.The estimated figure is based on closed investment realizations. It ...