Blackstone, the world's largest alternative asset manager, has announced a preliminary estimate of its revenue related to realization activity for the period from October 1, 2024, to December 23, 2024. The company expects to record total realized performance revenues and total realized principal investment income in excess of $775 million for this period.
This estimate comprises approximately 95% realized performance revenues and about 5% realized principal investment income. It includes revenue related to investment realizations closed to date in the fourth quarter, as well as certain non-fee related incentive fees and other investment income expected to be realized at quarter end.
It's important to note that this preliminary estimate is not intended to predict or represent total realized performance revenues, total realized principal investment income, or total segment revenues for the quarter ending December 31, 2024. The actual results for the full quarter may differ materially from this preliminary estimate.
The company clarified that this estimate does not include the results or impact of any other sources of income, including fee income, or expenses. As a result, Blackstone may realize further gains or losses relating to total realized performance revenues and total realized principal investment income for the full quarter.
This preliminary estimate is also not indicative of the results that may be expected for any other period, including the year ending December 31, 2024.
Blackstone's assets under management total more than $1.1 trillion and include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. The market has reacted to these announcements by moving the company's shares 2.3% to a price of $176.17. For the full picture, make sure to review Blackstone's 8-K report.
