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00:02Blackstone reported higher second quarter income as assets under management grew
00:07and its artificial intelligence investments generated profits, according to Reuters.
00:12Blackstone reported higher second quarter results as assets under management
00:16grew to $135 trillion and distributable earnings rose 26% to 1.52 per share.
00:23The firm said inflows and a stronger pace of asset sales helped drive results after market
00:28volatility slow deals in the first quarter.
00:31Blackstone generated $31.8 billion from asset monetizations,
00:36including sales involving data centers and power infrastructure.
00:40The company said nine of its 10 best appreciating investments are tied to artificial intelligence
00:45and highlighted its investments in anthropic and data centers.
00:49CEO Steven Schwartzman said Blackstone is leaning into the AI megatrend.
00:54Meanwhile, fundraising for its flagship private credit fund slowed from both the prior quarter
00:59and a year earlier, while other retail-focused funds attracted fresh capital.
01:04For all things money, visit Benzinga.com.
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