Blackstone beats profit estimates with AI gains as assets hit $1.35 trillion

Blackstone reported second-quarter results that exceeded analyst forecasts, with distributable earnings per share rising 26% to $1.52, compared to consensus estimates of $1.35. The alternative asset manager’s total assets under management climbed to $1.35 trillion during the period, bolstered by substantial inflows across its investment platforms.
The firm generated $31.8 billion from monetizing existing investments, supported by several major transactions. These included selling stakes i