Blackstone Group on Thursday said its first-quarter earnings rose 58%, as the private equity firm's buyout funds saw a fourfold increase in deal profits.

The New York firm reported first-quarter profit of $266 million, or 44 cents a share, up from $168 million, or 29 cents a share, in the same period last year.

Blackstone's first-quarter earnings rise 58%

Firm's buyout funds see fourfold increase in deal profits

Ryan Dezember, The Wall Street Journal 

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