Blackstone, the global leader in private equity, reported a slight 1% increase in distributable earnings for the first quarter of 2024, reaching $1.27 billion, up from $1.25 billion a year earlier.
![PHOTO: Blackstone](https://krugmaninsights.com/wp-content/uploads/2024/03/451b4590606b0bfae730c3edb2271047-1024x688.webp)
This rise was supported by an uptick in fee-related earnings, despite a decline in income from asset sales. Earnings per share (EPS) edged up to 98 cents, slightly above the anticipated