By Isla Binnie and Arasu Kannagi Basil
NEW YORK, July 23 (Reuters) - Blackstone beat ******* yst expectations for second-quarter income on Thursday as the world's largest alternative ******* et manager cashed in on investments, raked in new funds and reaped profits from a mammoth bet on artificial intelligence.
The New York-based company said inflows in the quarter pushed total ******* ets to $1.35 trillion. Distributable earnings, or profit available to shareholders, rose 26% on a per-share basis to $1.52, above estimates of $1.35 provided by LSEG.
Deals to sell a stake in three data centers to Digital Realty and a majority holding in power infrastructure company Sabre Industries to TPG helped push its haul from monetizing ******* ets to $31.8 billion.
Market volatility had hampered some deals in the first quarter, but Blackstone picked up the pace in the second, completing the listings of advertising technology company Liftoff Mobile, a data center investment vehicle called Blackstone Digital Infrastructure Trust and Indian office REIT Bagmane.
#quarter
NEW YORK, July 23 (Reuters) - Blackstone beat ******* yst expectations for second-quarter income on Thursday as the world's largest alternative ******* et manager cashed in on investments, raked in new funds and reaped profits from a mammoth bet on artificial intelligence.
The New York-based company said inflows in the quarter pushed total ******* ets to $1.35 trillion. Distributable earnings, or profit available to shareholders, rose 26% on a per-share basis to $1.52, above estimates of $1.35 provided by LSEG.
Deals to sell a stake in three data centers to Digital Realty and a majority holding in power infrastructure company Sabre Industries to TPG helped push its haul from monetizing ******* ets to $31.8 billion.
Market volatility had hampered some deals in the first quarter, but Blackstone picked up the pace in the second, completing the listings of advertising technology company Liftoff Mobile, a data center investment vehicle called Blackstone Digital Infrastructure Trust and Indian office REIT Bagmane.
#quarter
6 days ago
