PE major Blackstone reports 1% rise in first-quarter earnings

PE major Blackstone reports 1% rise in first-quarter earnings

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon

Blackstone Inc, the world’s largest private equity firm, said on Thursday that its first-quarter distributable earnings rose 1% year-on-year supported by growth in fee-related earnings that was partly offset by a decline in income from asset divestments.

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