The assets under management (AUM) of global private equity firm Blackstone exceeded $1.1 trillion (approximately 1,600 trillion won).
Blackstone reported on the 30th (local time) that its AUM surpassed $1.1 trillion, an 8% increase from the previous year, as it announced its annual performance for last year. The AUM increased by $57 billion in the fourth quarter alone, totaling $171 billion over the past year.
Blackstone attributed its significant growth last year to its $55 billion infrastructure assets, which grew for the first time in six and a half years. Additionally, it noted that it raised nearly $28 billion in the private wealth institutional sector, and that the private credit institutional sector generated more than 60% of the asset inflow last year.
In the fourth quarter of last year, the scale of investments and investment commitments recorded $62 billion, the highest in two and a half years. It highlighted the acquisition of the Tokyo Garden Terrace Kioicho, a premium complex facility in Tokyo, marking the largest foreign investment in Japan's real estate market.
Steven Schwarzman, chairman of Blackstone, said, "With revenue growth, asset inflows, investment activity, and realization of returns all reaching peak levels, we had an outstanding performance in the fourth quarter of last year," adding that "the ability to innovate and build leading corporations drives Blackstone’s growth."
John Gray, president and chief operating officer (COO) of Blackstone, also said, "The sound U.S. economic environment, narrowed financial spreads, a business-friendly regulatory outlook, and, above all, accelerating technological innovation have given us confidence to execute large-scale investments in the upcoming year 2025."