Blackstone Closes Out 2011 with $32.9B of Dry Powder
February 03, 2012
The Blackstone Group (NYSE: BX) has reported its fourth quarter and full year 2011 results. The firm's economic net income was $1.39 billion for 2011 (down from 2010's $1.42 billion ENI), while ENI for the firm's private equity segment was $241.1 million for 2011 (also down from 2010, when it had an ENI of $485.5 million). Blackstone had $32.9 billion of dry powder at the end of 2011, of which $16.3 billion was sitting in its private equity funds. As of December 31, 2011, Blackstone has $166.2 billion of total AUM.