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Assets Under Management
Indicates the total value of assets that Blackstone Group manages on behalf of clients, reflecting the scale of its operations and potential for fee-based revenue growth.Blackstone’s total AUM has climbed steadily to >$1.3T, but fee‑earning AUM has been more volatile — peaking in late‑2025 then retreating into Q1‑2026 — creating a near‑term drag on management fee conversion despite strong inflows and recordable performance revenue. Management expects fee growth to accelerate later in 2026 as fee‑holiday drawdown funds ramp and realizations/IPO activity rebound, but geopolitical headwinds, retail redemptions in some credit vehicles and slower exits pose meaningful timing risk to fee and distributable earnings.
Date | Total AUM | Fee-Earning AUM |
|---|---|---|
Jun 30, 2026 | $1.35T | $961.59B |
Mar 31, 2026 | $1.30T | $937.60B |
Dec 31, 2025 | $1.27T | $921.67B |
Sep 30, 2025 | $1.24T | $906.22B |
Jun 30, 2025 | $1.21T | $887.11B |
Mar 31, 2025 | $1.17T | $860.07B |
Dec 31, 2024 | $1.13T | $830.71B |
Sep 30, 2024 | $1.11T | $820.50B |
Jun 30, 2024 | $1.08T | $808.70B |
Mar 31, 2024 | $1.06T | $781.40B |