Operator Good day, and welcome to the Blackstone fourth-quarter and full-year 2024 investor call. Today's call is being recorded. [Operator instructions] At this time, I'd like to turn the conference over to Weston Tucker,

Blackstone Inc (BX) reports robust financial performance with significant growth in infrastructure and private wealth, despite headwinds in real estate.

Blackstone (BX), the private equity giant, delivered stronger-than-expected Q4 earnings on Thursday, as assets under management climbed, bolstered by strong inflows and a 14% Y/Y increase in management and advisory fees.