Blackstone’s private equity gains soar

The Blackstone Group reported strong performance gains across its alternative investment book, led by corporate private equity with 51% gains in the last 12 months through March.

Private credit strategies with 38% annual gains and even hedge funds have done well with 18% gains over the past year through the first quarter.

“Blackstone reported another exceptional quarter,” said Stephen Schwarzman, Blackstone chairman and CEO, in a statement. “We continue to deliver on our core mission of generating outstanding returns for investors.”

He added in his highlights for the quarter that the firm hit . . .

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