Blackstone Inc. Annual Report, Year Ended Dec 31, 2015

Blackstone Inc. (BX) reported its 2015 fiscal year results, highlighting strong performance and strategic repositioning. The firm successfully spun off its financial advisory businesses in October 2015, allowing for greater focus on its core alternative asset management segments: Private Equity, Real Estate, Hedge Fund Solutions, and Credit. Assets Under Management (AUM) reached a record $336.4 billion by year-end 2015, driven by significant capital inflows across all business segments, with total organic inflows reaching $94 billion, a new industry record. Realization activity remained robust with $43 billion in total realizations, demonstrating effective capital deployment and exit strategies even in a volatile market. Financially, Blackstone maintained a strong balance sheet with no net debt and secured industry-leading credit ratings. The firm demonstrated operational resilience, with all investing businesses experiencing positive AUM growth despite significant realization paces. This growth was fueled by strong capital inflows across diverse products and channels. The report emphasizes Blackstone's commitment to delivering outstanding results for its investors, its global reach, and its focus on attracting and retaining top talent, all of which position it for continued success in various market conditions.