Blackstone reported sluggish 3Q 2015 earnings yesterday, reporting an economic net loss of $416 million for the quarter driven by declines in the unrealized value of its public holdings. Its PE business generated $126 million in fee revenues, yet that was offset significantly by negative performance fees and investment income losses also due to a decline in public investment values, among other expenses. The PE unit did, however, see a 9.5% LTM increase in its fund carrying value as of the end of 3Q, as well as a 31% YoY jump in total PE AUM at $91.5 billion. While economic net income and revenues were still down considerably for the PE business, Blackstone deployed $1.7 billion and committed an additional $1.2 billion during the quarter across several new investments and various add-on deals for its portfolio companies. The firm's distributable earnings for 3Q were $0.58 per unit.