BX · 10-Q · 2026Q2 · Full report

Perpetual Capital Growth

Blackstone Inc. · 2026-08-07 · Importance 55 · Surprise 32 · No source text

Perpetual Capital Total Assets Under Management reached $555.6 billion at June 30, 2026, increasing $15.9 billion from March 31, 2026. Private Equity perpetual capital increased $11.4 billion sequentially, while Credit & Insurance increased $4.1 billion. Compared with December 31, 2025, Perpetual Capital Total AUM increased $31.9 billion, including $21.0 billion of growth in Private Equity and $9.4 billion in Credit & Insurance. Multi-Asset Investing perpetual capital increased from $658.8 million at March 31, 2026 to $724.3 million at June 30, 2026.

Key facts

• Multi-Asset Investing continued strong performance contributed to its best single month of fundraising with $4.8 billion of inflows subsequent to quarter end. source
• Perpetual Capital Total Assets Under Management in Private Equity increased $11.4 billion and in Credit & Insurance increased $4.1 billion for the quarter ended June 30, 2026. source
• Distributable Earnings for the three months ended June 30, 2026: $1,977,249 (thousands). source
• Adjusted EBITDA for the three months ended June 30, 2026: $2,357,684 (thousands). source
• Perpetual Capital Total Assets Under Management was $555.6 billion as of June 30, 2026, an increase of $31.9 billion compared to $523.6 billion as of December 31, 2025. source
• Perpetual Capital Total Assets Under Management was $555.6 billion as of June 30, 2026, an increase of $15.9 billion compared to $539.7 billion as of March 31, 2026. source
• Management fee rates for certain Real Estate separately managed accounts, perpetual capital vehicles, drawdown vehicles, and co-investment vehicles generally range from 0.40% to 1.25% of net asset value. source
• BXMT’s management fee is 1.50% of BXMT’s net proceeds received from equity offerings and accumulated "distributable earnings". source

Impact estimates