The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Jonathan Guilford

NEW YORK, July 23 (Reuters Breakingviews) - The private equity firm's $1.3 trln of assets are bulging with chatbot-themed investments. That’s helping its real estate unit, scarred by an exodus of small-time investors, mount a data center-focused comeback. If it holds, it’s a hopeful sign for woes elsewhere in the business.

Full view will be published shortly.

Follow Jonathan Guilford on X and LinkedIn.

CONTEXT NEWS

Blackstone on July 23 reported just under $2 billion of earnings available to be distributed to shareholders, a key metric that strips out unrealized gains. The figure rose 26% from the same period a year prior.

Distributable earnings from the asset manager’s credit and insurance unit fell 6% year-over-year, but were roughly flat from the prior quarter, which saw steep declines.