Business Segments · Management Fee Offsets
Private Equity — Management Fee Offsets
Blackstone Private Equity — Management Fee Offsets decreased by 31.0% to $12.36M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 510.0%, from $2.03M to $12.36M. Over 4 years (FY 2021 to FY 2025), Private Equity — Management Fee Offsets shows an upward trend with a 10.1% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ2 2017
Last reportedQ4 2025
How to read this metric
Higher offsets may indicate high transaction fee activity being shared with investors, which is generally positive for investor relations.
Detailed definition
Represents reductions to management fees, often resulting from the sharing of transaction or advisory fees with limited...
Peer comparison
Comparable to 'Fee Waivers' or 'Fee Sharing Arrangements' at other alternative asset managers.
Metric ID:
bx_segment_private_equity_management_fee_offsetsHistorical 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 | $3.60M | -$10.00K | $15.74M | $27.14M | $23.16M | $3.63M | $2.13M | $1.31M | $766.00K | $1.98M | $1.12M | $267.00K | -$376.00K | $4.13M | $2.03M | $10.87M | $7.76M | $17.92M | $12.36M |
| QoQ Change | — | -100.3% | >999% | +72.5% | -14.7% | -84.3% | -41.4% | -38.5% | -41.5% | +158.7% | -43.3% | -76.2% | -240.8% | >999% | -50.9% | +436.6% | -28.6% | +130.9% | -31.0% |
| YoY Change | — | — | — | — | +543.1% | >999% | -86.5% | -95.2% | -96.7% | -45.5% | -47.2% | -79.6% | -149.1% | +108.2% | +80.2% | >999% | >999% | +334.1% | +510.0% |
Range-$376.00K – $27.14M
CAGR+31.5%
Avg YoY Growth>999%
Median YoY Growth+80.2%
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Frequently Asked Questions
- What is Blackstone's private equity — management fee offsets?
- Blackstone (BX) reported private equity — management fee offsets of $12.36M in Q4 2025.
- How has Blackstone's private equity — management fee offsets changed year-over-year?
- Blackstone's private equity — management fee offsets increased by 510.0% year-over-year, from $2.03M to $12.36M.
- What is the long-term trend for Blackstone's private equity — management fee offsets?
- Over 4 years (2021 to 2025), Blackstone's private equity — management fee offsets has grown at a 10.1% compound annual growth rate (CAGR), from $33.25M to $48.90M.
- What does private equity — management fee offsets mean?
- Reductions in management fees passed back to investors.