Blackstone Group LP’s second-quarter profit rose, helped by appreciation in its private-equity and real-estate holdings, though a key measure of its income came in lower than Wall Street was expecting. Global economic growth and sustained investor appetite for stocks, debt, real estate and other assets have buoyed the portfolios of the New York private-equity firm and its peers and given them an open window to sell prior years’ investments. Blackstone’s private-equity holdings appreciated 2.8% during the quarter.

Source: Wall Street Journal July 20, 2017 11:47 UTC