Blackstone Signals Deal Exits Will Remain Muted This Quarter

Blackstone Inc., the world’s largest alternative asset manager, signaled that profits from selling deals will remain subdued this quarter.

The firm disclosed two preliminary profit measures tied to realizations from the start of the third quarter through Tuesday. It generated about $225 million of realized performance revenue and roughly $45 million of realized principal investment income, according to a statement.

It’s the first time Blackstone has reported the figures. In last year’s third quarter, the firm generated $337.9 million of realized performance revenue and $55.5 million of principal investment income.

While the numbers aren’t comparable, they reaffirm ...