News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Blackstone portfolio companies keep climbing

Buyout group says profits up in first quarter as dealmaking increases and portfolio performance improves

The first quarter return of Blackstone Group’s private equity funds jumped 15% in the first quarter, and the firm plans as many as 10 initial public offerings for its portfolio companies by the early part of next year.

Blackstone's net economic income, which excludes some expenses related to the private equity firm's initial public offering three years ago, swung to $360m (€271m) in the first quarter after a loss of $82m in the first quarter of last year.

WSJ Logo