Reports Q1 revenue $1.38B, consensus $2.57B. Reports Q1 fee related EPS 86c. Total AUM were up 8% y/y to $991.3B. Stephen A. Schwarzman, Chairman and CEO, said, "Blackstone’s first-quarter results highlight the exceptional strength and stability of our firm. We protected our limited partners’ capital in volatile markets, and they entrusted us with $40B of inflows in the quarter. Our successful fundraising initiatives position us with nearly $200B of dry powder capital, an industry record, ahead of what we believe will be an attractive environment for deployment."
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