Blackstone Group's total assets under management rose to $332.7 billion as of June 30, an increase of 7% from the end of March and up 19% from June 30, 2014, the alternative investment manager's second-quarter earnings report shows.
The firm had recorded gross inflows of $31.3 billion in the second quarter. During the 12 months ended June 30, Blackstone returned $60.3 billion to investors.
GAAP net income was $134 million for the second quarter, down 79% from the first quarter and down 74% from the second quarter of 2014.
The largest component of total revenues was realized performance fees of $985 million, down 18% from $1.2 billion in the first quarter but up 45% from $641.7 million the year-earlier period.
Blackstone did not elaborate on the drops in net income and performance fees in the quarter.