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The Blackstone Group: Blackstone Reports Third Quarter Results

The following excerpt is from the company's SEC filing.

New York, October 15, 2015

: Blackstone (NYSE:BX) today reported its third quarter 2015 results.

Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, Blackstone produced strong Distributable Earnings in the third quarter, reaching a record for the nine-month period. Despite declines in the public markets that affected our Economic Net Income, underlying trends in our businesses and our portfolio companies remain favorable, which is what drives value ultimately. Recent market volatility should create opportunity for us and we have raised an industry-record $97 billion of capital over t he past year to pursue such opportunities. We continue to deliver attractive returns for our limited partners across all of the alternative asset classes and, on the occasion of our 30th anniversary this month, we are as unwavering in this commitment as we were when the firm was founded.

Blackstone issued a full detailed presentation of its third quarter 2015 results, which can be viewed at


Blackstone has declared a quarterly distribution of $0.49 per common unit to record holders of common units at the close of business on October 26, 2015. This distribution will be paid on November 2, 2015.

Quarterly Investor Call Details

Blackstone will host a conference call on October 15, 2015 at 11:00 a.m. ET to discuss third quarter 2015 results. The...