Blackstone Earnings Surge 26% to $2B as AI Offsets 10% BCRED Redemptions
Blackstone's Q2 distributable earnings jumped 26% to nearly $2 billion, driven by AI-related asset sales, even as retail investors withdrew a record 10% from its private credit fund. The results highlight the firm's successful pivot toward digital infrastructure and robust fundraising.
Source: Matt Dilallo (us) · fool.com