BLACKSTONE'S FOURTH-QUARTER EARNINGS RISE 4% AS ASSET SALES PICK UP

On Thursday, in Blackstone Inc, there has been a 4% rise in its fourth-quarter distributable earnings, as the world's largest private equity firm cashed out on more of its assets across real estate, credit, and hedge funds.

Distributable earnings, which represents cash used to pay dividends to shareholders, rose to nearly $1.4 billion in the three months to Dec. 31, up from $1.3 billion a year earlier.

Learn More