Xinhua Finance Shanghai, October 18th (Reporter Guo Muqing) Blackstone Group released its third quarter 2024 performance on the 17th. Data shows that for two consecutive quarters, Blackstone has invested or committed over $50 billion in funds. In that quarter, $41 billion was invested in Blackstone, and over the past 12 months, the cumulative inflow of funds reached $167 billion, driving Blackstone's managed asset size to grow by 10% year-on-year, reaching a historic high of $1.1 trillion.
Blackstone manages the world's largest third-party private equity debt business, with a scale of $432 billion in corporate and real estate debt, achieving a significant year-on-year growth of 20%. The reporter learned that as the market cycle enters the next cycle, Blackstone will fully tap into the growth potential of key investment themes such as digital infrastructure, renewable energy, private debt, and the Indian market.
Blackstone's Chairman and CEO, Simon Soseki, said, "In the quarter, we achieved $54 billion in investments or commitments, setting a record high in over two years. In addition, since the peak of capital costs, we have successfully deployed $123 billion in the past 12 months. The third quarter also witnessed the overall appreciation of our fund reaching a new high in three years, with our limited partners entrusting us to invest over $40 billion
Jon Gray, President and Chief Operating Officer of Blackstone, said, "In times of uncertainty, the best investment opportunities often arise. In the third quarter, Blackstone's new investment commitments were mainly focused on our most promising thematic areas, including digital infrastructure, renewable energy and power solutions, and enterprise software