v3.26.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2026
Schedule of Investments [Line Items]  
Investments
Investments consist of the following:
 
$
                        
$
                        
 
  
March 31,
2026
 
 
December 31,
2025
 
Investments of Consolidated Blackstone Funds
   
$
5,189,519
 
$
5,180,879
 
Equity Method Investments
      
Partnership Investments
   
 
6,612,536
 
   
 
6,546,190
 
Accrued Performance Allocations
   
 
13,002,955
  
   
 
12,980,356
  
Corporate Treasury Investments
   
 
167,389
 
   
 
359,657
 
Other Investments
   
 
7,775,220
 
   
 
7,145,029
 
  
 
 
     
 
 
  
  
$
32,747,619
 
   
$
32,212,111
 
  
 
 
     
 
 
  
Reconciliation of Realized and Net Change in Unrealized Gains (Losses) to Other Income (Loss) - Net Gains (Losses) from Fund Investment Activities in Consolidated Statements of Operations
The following table presents the Realized and Net Change in Unrealized Gains (Losses) on investments held by the consolidated Blackstone funds and a reconciliation to Other Income (Loss) – Net Gains (Losses) from Fund Investment Activities in the Condensed Consolidated Statements of Operations:
 
$
                        
 $
                        
    
Three Months Ended March 31,
  
    
2026
     
2025
  
Realized Gains
   
$
25,163
 
   
$
24,690
 
Net Change in Unrealized Gains
   
 
69,378
 
   
 
26,531
 
  
 
 
     
 
 
  
Realized and Net Change in Unrealized Gains from Consolidated Blackstone Funds
   
 
94,541
 
   
 
51,221
 
Interest and Dividend Revenue, Foreign Exchange Gains and Other Gains Attributable to Consolidated Blackstone Funds
   
 
5,214
 
   
 
6,354
 
  
 
 
     
 
 
  
Other Income – Net Gains from Fund Investment Activities
   
$
99,755
 
   
$
57,575
 
  
 
 
     
 
 
  
Performance Fees Allocated to Funds
Accrued Performance Allocations to Blackstone were as follows:
 
$
                        
 $
                        
 $
                        
 $
                        
 $
                        
    
Real

Estate
  
Private
Equity
  
Credit &
Insurance
  
Multi-Asset

Investing
  
Total
Accrued Performance Allocations, December 31, 2025
   
$
1,762,496
 
  
$
10,389,351
 
  
$
640,587
 
  
$
187,922
 
  
$
12,980,356
 
Performance Allocations as a Result of Changes in Fund Fair Values
   
 
298,528
 
  
 
1,090,560
 
  
 
29,396
 
  
 
46,837
 
  
 
1,465,321
 
Foreign Exchange Loss
   
 
(1,400
) 
  
 
—
 
  
 
—
 
  
 
—
 
  
 
(1,400
) 
Fund Distributions
   
 
(467,073
) 
  
 
(693,371
) 
  
 
(165,837
) 
  
 
(115,041
) 
  
 
(1,441,322
) 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Accrued Performance Allocations, March 31, 2026
   
$
1,592,551
 
  
$
10,786,540
 
  
$
504,146
 
  
$
119,718
 
  
$
13,002,955
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Realized and Net Change in Unrealized Gains (Losses) on Investments The following table presents the Realized and Net Change in Unrealized Gains (Losses) on these investments:
 
$
                        
$
                        
 
  
Three Months Ended March 31,
 
 
  
2026
 
 
2025
 
Realized Gains (Losses)
   
$
1,279
 
  
$
(8,356
) 
Net Change in Unrealized Gains (Losses)
   
 
 (18,791
)
  
 
  3,049
 
  
 
 
    
 
 
  
  
$
(17,512
) 
  
$
(5,307
) 
  
 
 
    
 
 
  
Realized and Net Change in Unrealized Gains (Losses) in Other Investments The following table presents Blackstone’s Realized and Net Change in Unrealized Gains (Losses) in Other Investments:
 
$
                        
 $
                        
    
Three Months Ended March 31,
  
    
2026
    
2025
  
Realized Gains
   
$
3,780
 
  
$
112,648
 
Net Change in Unrealized Gains (Losses)
   
 
(314,929
) 
  
 
172,432
  
  
 
 
    
 
 
  
  
$
(311,149
) 
  
$
285,080