The assets under management (AUM) of global private equity fund operator Blackstone exceeded 1,600 trillion won, setting a new record.
According to the investment banking (IB) industry on the 25th, Blackstone announced its second-quarter earnings this year, stating that its AUM surpassed $1.2 trillion, a 13% increase compared to the same period last year.
During the second quarter, Blackstone attracted $52 billion from institutional investors, marking a total inflow of $212 billion over the past 12 months.
Blackstone's investment in the second quarter was $33 billion, and the investment amount over the past 12 months was $145 billion. The company stated that this is the largest scale since its establishment.
Blackstone particularly focused its investments on industries expected to show long-term structural growth in 'megatrend' sectors such as digital and energy infrastructure, private credit, life sciences, and the Indian market.
Stephen Schwarzman, chairman and chief executive officer (CEO) of Blackstone, noted, 'The second-quarter results demonstrate Blackstone's business expansion capability and revenue-generating power.' He added, 'In particular, we achieved excellent performance in the private wealth, credit, and institutional sector, and even in a volatile market environment, our AUM surpassed $1.2 trillion, setting a new record.'