| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 23, 2026 | 5/12 | 1 high, 3 medium, 2 low flags | 2 | 1 | Call sheet → |
| Q1'26 | April 23, 2026 | 11/12 | 2 medium, 4 low flags | 4 | 0 | Call sheet → |
| Q4'25 | January 29, 2026 | 9/12 | 1 medium, 5 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | 8 IPOs on file will provide foundation for realizations Executed 3 since May but realization dollars haven't followed |
| Q2'26 | Delivered | Infrastructure business will continue breathtaking growth Grew 40% YoY to $90B |
| Q2'26 | Delivered | BCRED will continue to deliver premium to liquid markets Protected capital but flows remain deeply negative |
| Q2'26 | Pending | Similar year-over-year base fee growth in Q3 as Q2 New commitment for Q3, sets low bar given Q2 weakness |
| Q2'26 | Pending | Double-digit base management fee growth in 2027 Reiterated but pushed out timeline again |
| Q2'26 | Missed | Expect robust realization activity in second half if Iran conflict resolves Q2 realizations declined to $414M from $448M in Q1 despite improving markets |
| Q1'26 | Delivered | Real estate values to improve with positive signs ahead BREIT up 44% YoY in gross sales, logistics showing record leasing activity |
| Q1'26 | Pending | 2026 to be busiest year for product launches in private wealth DXHF disclosed but no other specific launches yet announced |
| Q1'26 | Delivered | Expect to be substantially larger than prior vintages in new fund cycle Asia flagship at $12B vs $6B prior, energy transition launching at larger scale |
| Q1'26 | Pending | Strong year ahead for net realizations, particularly drawdown funds $448M in Q1 up 26% YoY but sequential decline due to geopolitical impact |
| Q1'26 | Delivered | Management fees to continue strong positive trajectory in 2026 $2.1B base management fees up 13% YoY, maintained record levels |
| Q1'26 | Delivered | Expected strong inflows again in 2026 given performance and innovation $69B inflows in Q1 maintains strong pace from $240B in 2025 |
| Q4'25 | Delivered | Private wealth momentum continuing with innovation 53% YoY growth in fundraising, launched BX infra and other new products as indicated |
| Q4'25 | Exceeded | Infrastructure platform scaling with exceptional returns 18% annual returns since inception, platform grew to $77B vs growth expectations |
| Q4'25 | Exceeded | BXMA continued positive performance driving inflows 23rd consecutive positive quarter, $6.3B net inflows vs target of continued growth |
| Q4'25 | Delivered | Strong momentum in credit insurance with robust demand AUM grew to $271B, generated 180 bps spread premium as promised |
| Q4'25 | Delivered | Deal dam finally breaking with transaction acceleration Net realizations nearly doubled to $957M, IPO pipeline materializing with Medline success |
| Q4'25 | Pending | Real estate approaching steeper point in recovery curve Values up only 1% in Q4, language softened to 'plenty of room to run' - timeline unclear |
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