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Published on 20 Jul 2023 on Reuters via Yahoo Finance

Blackstone reaches record $1 trillion in assets; Q2 earnings slump

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By Chibuike Oguh

NEW YORK (Reuters) - Blackstone Inc said on Thursday it became the first manager of alternative investments such as private equity and real estate to reach $1 trillion in assets, a milestone accompanied by news its second-quarter distributable earnings dropped 39% amid a slump in asset sales.

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