Blackstone's stock has surged 26% so far in 2023, including more than 5.5% after its quarterly earnings report on Thursday. A big reason for the surge is that base management fees continue to grow. This is good news for Blackstone, as these fees are one of the company's core ballasts.‍ Blackstone's base management fees increased by 25% in 2022, to more than $6 billion. This reflects the firm's continued overall growth in assets under management. These fees are based on market values, but are not dependent on meeting any performance targets or the realization of investments through sales.

Investing giant's net income falls during fourth quarter, missing $1 trillion target for assets under management in 2022.

Some of the biggest investors in US commercial real estate are looking to sell before property values slide further.

Tony James's family office has hired a former money manager for Laurene Powell Jobs. This is after the legendary dealmaker left Blackstone Inc. and is now building his personal holdings.

Buyout firms that contact private credit funds to gauge their interest in backing multibillion-dollar acquisitions are finding that only specific types of borrowers are getting a call back these days.