Blackstone has announced that during the fourth quarter of 2021, its distributable earnings increased by 55%, which translates to an all-time high. More specifically, they reached 2.3 billion dollars compared to 1.7 billion the previous year.
As Blackstone has stated, the rising markets have allowed them to sell assets at the best price and as a result beat the median estimate of distributable earnings by declaring a quarterly dividend of $1.45 per share.
Also in the fourth quarter, Blackstone spent a record $65.8 billion to acquire new assets across its real estate, credit, private equity, and hedge fund portfolios.
The alternative investment management company also generated $21 billion from cash on investments, including the sale of Exeter Finance and Diamond Direct jewelry.
Other relevant financial data is the rise in opportunistic real estate funds (+12%) and core (+7.2%).
Total assets under management rose to a record $881 billion, up 21% from the $730.7 billion recorded in the third quarter. And, unspent capital stood at $135.8 billion.
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