Blackstone Group on Thursday reported $128.1 billion in total assets under management for 2010, up 30% from a year earlier.
Fee-earning AUM increased 14% to $109.5 billion in the same period, according to its earnings report. The report did not provide assets under management for the quarter ended Dec. 31, and Peter Rose, Blackstone spokesman, did not have those numbers readily available at press time.
Blackstone's total assets under management — which includes committed and fair value of invested capital — was aided by $18 billion in new commitments during the year. That comprised about 60% of the overall asset increase.
The firm's year-end results under generally accepted accounting principles reveal a net loss for Blackstone Group of $370 million, compared to a $715.3 million net loss in 2009. Revenues under GAAP were $3.1 billion for the year ended Dec. 31, up from $1.8 billion at year-end 2009.
Blackstone's largest increase in fee-earning assets under management was in its credit and marketable alternatives segment, up 22% to $58.5 billion. Real estate was up 13% to $26.8 billion, while private equity was down 1% to $24.2 billion.