Investor Presentaiton

PRIVATE EQUITY ■ ◉ Total AUM: Increased 23% to $275.9 billion with inflows of $20.2 billion in the quarter and $68.2 billion over the LTM. - Inflows in the quarter included $8.8 billion for the ninth Corporate Private Equity fund, $3.1 billion in Blackstone Infrastructure Partners, and $2.7 billion in the second Blackstone Growth fund. Realizations: $5.6 billion in the quarter and $33.2 billion over the LTM; realizations in the quarter included proceeds from Phoenix Tower International, La Trobe Financial, and Vine/Chesapeake Energy. Capital Deployed: $7.5 billion in the quarter and $47.9 billion over the LTM, including Crown Resorts, VFS Global, and Geosyntec during the quarter. Committed an additional $4.4 billion that was not yet deployed in the quarter. Appreciation: Corporate Private Equity declined (6.7)% in the quarter and appreciated 10.1% over the LTM. Tactical Opportunities declined (2.4)% in the quarter and appreciated 11.2% over the LTM; Secondaries appreciated 5.7% in the quarter and 37.8% over the LTM. - % Change % Change ($ in thousands) 2Q'21 2Q'22 vs. 2Q'21 2Q'21 YTD Management and Advisory Fees, Net $ 393,277 $ 437,853 11% $ 2Q'22 YTD 799,725 $ 844,841 vs. 2Q'21 YTD 6% Fee Related Performance Revenues Fee Related Compensation Other Operating Expenses n/a (648) n/m (136,767) (152,622) 12% (277,364) (303,672) 9% (61,041) (83,233) 36% (112,096) (150,977) 35% Fee Related Earnings Realized Performance Revenues 195,469 $ 201,998 3% $ 410,265 $ 389,544 (5)% 383,010 122,884 (68)% 638,855 573,122 (10)% Realized Performance Compensation (159,375) (57,380) (64)% (270,584) (264,083) (2)% Realized Principal Investment Income 27,796 8,904 (68)% 143,199 74,342 (48)% Net Realizations 251,431 74,408 (70)% 511,470 383,381 (25)% Segment Distributable Earnings $ 446,900 $ 276,406 (38)% $ 921,735 $ 772,925 (16)% Segment Revenues $ 804,083 $ 569,641 (29)% $ 1,581,779 $ 1,491,657 (6)% Total AUM $ 223,621,359 $275,886,414 23% $223,621,359 $ 275,886,414 23% Fee-Earning AUM $ 132,475,486 $ 163,521,507 23% $ 132,475,486 $163,521,507 23% See note on page 5 for additional details on Secondaries appreciation. Blackstone |11

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