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A Look at Blackstone’s Assets Under Management

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Strong inflows

In 3Q17, The Blackstone Group’s (BX) total AUM (assets under management) rose 7% YoY (year-over-year) to $387.4 billion due to strong inflows. Of the total AUM, private equity AUM and credit AUM amounted to $102.5 billion and $99.5 billion, respectively. The real estate and hedge fund solution divisions had AUM of $111.3 billion and $74.2 billion.

Blackstone has diluted TTM (trailing-12-month) EPS (earnings per share) of $2.22. Alternative asset manager (XLF) peers KKR (KKR), Apollo Global Management (APO), and The Carlyle Group (CG) have diluted TTM EPS of $2.34, $2.55 and $0.43, respectively. Over the last 12 months, Blackstone has seen realizations of $46.6 billion.

Fee-generating AUM and dry powder

Blackstone’s fee-generating AUM rose 7% YoY to $285.7 billion in 3Q17 due to its inflows being higher than realizations. In 3Q17, Blackstone’s total capital available for investment was $92 billion. The company’s private equity, hedge fund solutions, credit, and real estate divisions had total dry powder of $34.9 billion, $3.9 billion, $20.2 billion, and $32.9 billion, respectively.

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