Business Segments · Base Management Fees
Private Equity — Base Management Fees
Blackstone Private Equity — Base Management Fees increased by 2.8% to $646.07M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $597.98M to $646.07M. Over 4 years (FY 2021 to FY 2025), Private Equity — Base Management Fees shows an upward trend with a 12.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2017
Last reportedQ4 2025
How to read this metric
Growth in base management fees indicates an increase in fee-earning assets under management and a stronger, more stable revenue base.
Detailed definition
Represents the recurring revenue generated from managing private equity assets, typically calculated as a percentage of...
Peer comparison
Comparable to 'Management Fee Revenue' across the asset management industry.
Metric ID:
bx_segment_private_equity_base_management_feesHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $364.61M | $370.08M | $408.92M | $421.47M | $433.46M | $466.47M | $465.52M | $451.61M | $443.01M | $457.01M | $456.28M | $450.28M | $468.24M | $511.36M | $597.98M | $578.44M | $605.07M | $628.40M | $646.07M |
| QoQ Change | — | +1.5% | +10.5% | +3.1% | +2.8% | +7.6% | -0.2% | -3.0% | -1.9% | +3.2% | -0.2% | -1.3% | +4.0% | +9.2% | +16.9% | -3.3% | +4.6% | +3.9% | +2.8% |
| YoY Change | — | — | — | — | +18.9% | +26.0% | +13.8% | +7.2% | +2.2% | -2.0% | -2.0% | -0.3% | +5.7% | +11.9% | +31.1% | +28.5% | +29.2% | +22.9% | +8.0% |
Range$364.61M – $646.07M
CAGR+13.6%
Avg YoY Growth+13.4%
Median YoY Growth+11.9%
Current Streak3 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Blackstone's private equity — base management fees?
- Blackstone (BX) reported private equity — base management fees of $646.07M in Q4 2025.
- How has Blackstone's private equity — base management fees changed year-over-year?
- Blackstone's private equity — base management fees increased by 8.0% year-over-year, from $597.98M to $646.07M.
- What is the long-term trend for Blackstone's private equity — base management fees?
- Over 4 years (2021 to 2025), Blackstone's private equity — base management fees has grown at a 12.7% compound annual growth rate (CAGR), from $1.52B to $2.46B.
- What does private equity — base management fees mean?
- Recurring fees earned for managing private equity assets.