Stephen A. Schwarzman

Blackstone Posts Q2 Earnings Beat as Inflows Push AUM to $1.35 Trillion

Blackstone reported robust Q2 results with inflows around $68 billion, lifting assets under management to about $1.35 trillion and boosting distributable earnings and fee-related earnings. The firm is accelerating AI-focused investments, including Anthropic and data-center platforms, while monetizing assets through $31.8 billion of second-quarter sales to fund distributions and shareholder value.