NYSE:BX

Blackstone Jumps 5.4% as Assets Hit $1.37 Trillion and Quarterly Inflows Reach $63 Billion

Blackstone (NYSE: BX) shares rose about 5.4% after the alternative asset manager reported strong third-quarter 2026 fundraising, deployment and earnings, while total assets under management climbed to approximately $1.37 trillion.

Fee Related Earnings reached $1.6 billion, or $1.26 per share, during the quarter. Distributable Earnings were $1.7 billion, or $1.32 per share, while net accrued performance revenues stood at $7.3 billion, or $5.84 per share.

Total assets under management reached $1.368 trillion, including $989.7 billion of fee-earning AUM and $562.3 billion of perpetual capital AUM. The scale of perpetual capital provides Blackstone with a significant base of long-duration assets that can generate recurring management fees.

Fundraising remained robust, with $63.3 billion of inflows during the quarter and $271.6 billion over the last 12 months. Blackstone also deployed $30.1 billion during the quarter, while realizations totaled $33.1 billion, signaling continued transaction activity across its investment platforms.

Over the trailing 12 months, deployment reached $142 billion and realizations totaled $147 billion. Fee Related Earnings over that period were $6.4 billion, or $5.20 per share, while Distributable Earnings reached $7.7 billion, or $5.95 per share.

Blackstone declared a quarterly dividend of $1.12 per share. The firm expects to distribute approximately $1.5 billion to shareholders related to the quarter and has returned $6.7 billion through dividends and share repurchases over the last 12 months.

The 5.4% gain appears to reflect the combination of strong inflows, record-scale assets under management, healthy deployment and realizations, and robust distributable earnings, reinforcing expectations for continued growth in Blackstone's fee-generating asset base.
Blackstone and Related Digital have secured financing for a $16 billion data center campus in Michigan, developed for Oracle to support expanding AI infrastructure. The project combines equity from the sponsors with long-term debt financing led by PIMCO-managed funds, with major banks including Bank of America involved in structuring.

The campus, expected to deliver over one gigawatt of capacity, will play a key role in meeting growing demand for AI and cloud computing. Construction is underway and the project is positioned as one of the largest infrastructure investments in Michigan’s history.

The development is projected to create thousands of jobs and generate significant local economic benefits, while contributing to the expansion of U.S. digital infrastructure amid rapid growth in AI-driven demand.
Blackstone reported strong first-quarter 2026 performance, with fee-related earnings of $1.5 billion and distributable earnings of $1.8 billion. The firm also recorded $7.0 billion in net accrued performance revenues, reflecting continued strength across its investment platform.

Assets under management rose to $1.3 trillion, supported by $68.5 billion in quarterly inflows and ongoing capital deployment and realizations. Blackstone highlighted steady activity across its investment strategies, indicating sustained investor demand and market opportunities.

The company announced a dividend of $1.16 per share and returned $1.5 billion to shareholders during the quarter through dividends and share repurchases.
Blackstone announced that its affiliate, Blackstone Digital Infrastructure Trust, has publicly filed a registration statement with the SEC for a proposed initial public offering.

The newly formed company, focused on owning stabilized and newly built data centers, plans to list on the New York Stock Exchange under the ticker “BXDC” if the offering proceeds. Details such as share price and size of the IPO have not yet been determined.

The transaction is subject to market conditions and regulatory approval.
**Blackstone and DAE Launch $1.6B Annual Aviation Leasing Investment Program**

Blackstone and Dubai Aerospace Enterprise announced a partnership to launch “Equator,” a global aircraft leasing investment program targeting approximately $1.6 billion in annual deployment.

The initiative will focus on acquiring commercial aircraft leased to airlines worldwide, building a diversified portfolio backed by long-term aviation demand. DAE will source and manage the assets through its Aircraft Investor Services division, while Blackstone Credit & Insurance will provide flexible capital across the investment lifecycle.

The program reflects growing investor interest in asset-backed financing strategies, particularly in aviation, where demand for leased aircraft remains strong amid global travel recovery.

Both firms said the partnership leverages DAE’s operational expertise and airline relationships alongside Blackstone’s large-scale credit investment capabilities to expand in the aviation leasing market.
Blackstone Inc. announced the final close of its flagship opportunistic credit fund, Capital Opportunities Fund V, raising over $10 billion and reaching its hard cap.

The fund, Blackstone’s largest opportunistic credit vehicle to date, reflects strong investor demand for private credit strategies. The firm highlighted its long-term performance in the segment, noting a 13% net internal rate of return since 2007.

Blackstone said the fund will invest flexibly across industries, geographies, and capital structures, targeting opportunities in private corporate credit and structured financing solutions.

The close underscores continued institutional interest in private credit markets amid evolving economic conditions.
Blackstone Inc. announced the final close of its latest life sciences fund, raising a record $6.3 billion.

The fund, Blackstone Life Sciences VI (BXLS VI), was oversubscribed and is the largest private fund dedicated to life sciences, approximately 40% larger than its predecessor.

The strategy focuses on financing the development and commercialization of innovative medicines and medical technologies, leveraging Blackstone’s partnerships and track record, including multiple regulatory approvals across pharmaceuticals and devices.

The announcement highlights strong investor demand for healthcare and biotech investments, as well as Blackstone’s growing role as a major capital provider in advancing new therapies globally.
Blackstone has invested $250 million in a new UAE-based payments and data platform, Advanced Digital Gaming Technology (ADGT), as part of a strategic partnership with Raya Holding, NRT Technology and Sightline Payments.

Headquartered in Abu Dhabi, ADGT aims to provide integrated payments, digital wallet and compliance solutions for regulated digital markets, initially focusing on the UAE, Middle East and Africa.

The platform is designed to support both physical and online transactions, offering real-time payment processing, identity management and regulatory compliance within a single infrastructure.

Blackstone said the investment reflects growing opportunities in the UAE’s technology and digital infrastructure sectors, with ADGT positioned to expand globally as demand for regulated digital payments continues to rise.
Consortium acquires Royal Challengers Bengaluru franchise in $1.78 billion deal

March 24, 2026 — A consortium including Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone has agreed to acquire 100% of the Royal Challengers Bengaluru (RCB) cricket franchise from United Spirits, a subsidiary of Diageo, in a deal valued at INR 166.6 billion (approximately $1.78 billion).

The transaction covers both the men’s Indian Premier League team and the women’s Women’s Premier League team and remains subject to regulatory approvals, including from India’s cricket governing bodies.

RCB, one of the most prominent franchises in global cricket, recently won both the IPL and WPL titles, strengthening its commercial and brand value.

The new ownership group aims to expand RCB’s global presence and further develop its fan base, leveraging combined expertise in sports, media, and investment.
Blackstone Credit & Insurance announced that it is leading a $1.3 billion financing to support the merger of Paratek Pharmaceuticals and Radius Health.

The transaction will create a larger specialty pharmaceutical company with a diversified portfolio of innovative medicines, targeting long-term growth in key therapeutic areas. The combined platform is expected to generate nearly $1 billion in annual revenue in 2026.

Backed by B-FLEXION Life Sciences, the merger brings together complementary businesses to strengthen Paratek’s strategy of building a scalable pharmaceutical platform. Blackstone highlighted the deal as an example of its ability to provide large-scale capital solutions to support growth in the life sciences sector.
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