Blackstone reported $63.3 billion of third-quarter inflows and $1,368.3 billion of assets under management. Distributable earnings were $1.7 billion, or $1.32 a share, as net realised earnings fell.[2]
Fundraising and cash-realisation indicators
| Measure | Published result |
|---|---|
| Quarterly inflows | More than $63 billion |
| Assets under management | Approximately $1.37 trillion |
| Net realisations | $332 million, down 34% |
| Distributable EPS | $1.32, down 13% |
| Fee-related earnings | Up 6% |
| Credit and insurance inflows | Nearly $36 billion |
| Realizations: capital metric | $33.1 billion |
Net Realizations fell 34% to $331.5 million. This earnings measure combines realised principal investment income with realised performance revenue, less related compensation. It is distinct from the $33.1 billion of investment realisations reported in Blackstone’s capital metrics.[2]
Fundraising and realised earnings
Assets under management describe the capital overseen. Fee-related earnings capture recurring management economics, while distributable earnings also reflect realised performance revenues, investment income and related compensation. These measures describe different parts of the business.[2]
Blackstone’s credit and insurance business attracted the largest share of new capital. However, its private-credit vehicle BCRED continued to receive redemption requests, illustrating that gross fundraising at group level can coexist with liquidity pressure in a particular product.[1]
Fee-Earning AUM was $989.7 billion, compared with total AUM of $1,368.3 billion. The difference is another reason the headline asset balance should not be treated as the amount immediately generating management fees.[2]
Sources & further reading
- Blackstone profit falls as market tempers investment exits Reuters · 22 Oct 2026 · Accessed 22 Oct 2026
- Blackstone third-quarter 2026 results Blackstone via SEC EDGAR · Accessed 30 Oct 2026