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Blackstone (BX)’s Credit and Insurance Business Brings in $37 Billion of Inflows During Q1; AUM Hits $1.3 Trillion
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. With one-year EPS and revenue growth estimates of 25.20% and 24.21%, respectively, Blackstone Inc. (NYSE:BX) earns a place on our list of the best growth stocks to buy and hold in 2026. Furthermore, the stock has upside potential of over 11% as of April 23, 2026. Blackstone Inc. (NYSE:BX) came out with a solid set of first-quarter results on April 23, 2026. Total assets under management crossed the $1.3 trillion mark as the firm continued to attract large-scale investor capital amid some noise around private credit sentiment. The standout contributor was Blackstone Inc. (NYSE:BX)’s credit and insurance business, which brought in $37 billion of inflows during the quarter. Private equity was not far behind, adding $20.4 billion. Management noted that institutional and insurance clients, who make up 75% of the credit platform’s assets, continued committing capital to the asset class, which helped cushion any broader concerns around private credit. That said, there were some softer spots worth noting. BCRED, Blackstone Inc.’s (NYSE:BX) flagship private credit fund, saw $3.7 billion in withdrawals during the period. President and COO Jonathan Gray was clear in pointing out that the redemptions were driven by a small number of large investors rather than the broader base of smaller investors in the fund. Performance in private credit also took a step back. Net returns were flat in the first quarter and up 5.7% over the last 12 months. Despite that, Blackstone Inc. (NYSE:BX)’s overall earnings held up well. Distributable earnings rose 25% to $1.76 billion, or $1.36 per share, coming in just ahead of analyst expectations of $1.35. Net realizations also moved higher, climbing 26% to $448.4 million, supported by activity on the private equity side. Founded in 1985, Blackstone Inc. (NYSE:BX) is the world’s largest alternative asset manager operating from its headquarters in New York. While we acknowledge the potential of BX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.
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