Blackstone's Q1 profit beats on robust private equity, credit performance

Blackstone's Q1 profit beats on robust private equity, credit performance

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

Blackstone reported a higher-than-expected profit for the first quarter on Thursday, driven by proceeds from asset sales across its private equity and credit businesses.

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