Blackstone distributable earnings rise 25%

Despite geopolitical volatility, Blackstone delivered a robust financial performance in the first three months of the year.

The firm's infrastructure and tactical opportunities units were particularly strong, offsetting some weakness in its private credit business.

President Jon Gray predicted that 2026 could be the firm's 'best year ever' for IPOs as several major portfolio companies prepare to go public.

Blackstone's secondaries business also hit a significant milestone, reaching $100 billion in assets under management.