Blackstone AUM soars 42% in 2021

Blackstone () reported its fourth-quarter earnings today, and thanks to $270 billion in inflows, the firm saw its assets under management rise by 42% to $881 billion.

Stephen Schwarzman, chairman and CEO, said this marked the alternative investment powerhouse’s fastest growth rate in over a decade.

“Outstanding investment performance and the power of our brand are leading to share gains in multiple customer channels, driving exceptional earnings momentum for our shareholders,” Schwarzman said in a statement.

Looking at 2021 inflows, credit and insurance led the way with $129 billion, followed by real . . .

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