Blackstone(BX -0.60%) reported results for the second quarter of 2025 on July 24, delivering GAAP and distributable earnings of $1.6 billion each. Distributable earnings increased 25$52 billion boosted assets under management (AUM) to a record $1.2 trillion. The firm emphasized a 31% year-over-year surge in fee-related earnings, underpinned by robust demand across private credit, private wealth, and infrastructure, and signaled a multiyear ...