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Blackstone Group’s Assets Jump 22% to Record $450 Billion

  • Schwarzman says firm delivered strong performance across units
  • Firm reports its first quarter inflows at $18.2 billion
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Blackstone now has $450 billion assets under management. Bloomberg’s Ed Hammond reports.(Source: Bloomberg)
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Blackstone Group LP just keeps raking in money from investors.

Total assets under management in the first quarter jumped 22 percent from a year earlier to a record $449.6 billion through a combination of fundraising and financial gains, Blackstone said in a statement Thursday. Inflows were $18.2 billion in the quarter. The shares rose as much as 3.2 percent.