What Could Impact Blackstone’s Private Equity Business?
In the first quarter, Blackstone Group’s (BX) private equity division garnered total revenues of $681.1 million, a substantial rise on a YoY basis. This rise was mainly due to total management and advisory fees (net) as well as performance revenues. The higher volatility in the market was also evident in the first quarter, and it impacted the private equity segment’s realizations.