CLO buy boosts Blackstone's assets under management

Listed private equity and loan manager Blackstone reported that it now has $52.4 billion of credit assets under management, up from $44.7 billion this time last year. Much of the increase comes from its acquisition of CLO manager Callidus Capital in January. The firm also says it invested a substantial amount of its own limited partner capital in credit-oriented carry funds. The amount of its capital invested in these funds increased from $112 million last year to $246 million.