What to Expect from Blackstone’s Credit Division
Blackstone Group’s (BX) credit division witnessed a YoY decline of 11% in its total revenues in the first quarter. This fall was mainly the result of a fall in other revenues, performance revenues, as well as principal investment income. In the first quarter, the division garnered total management fees (net) of $167.6 million, a substantial rise of 35% on a YoY basis.