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are doing, as well as hedge funds, private equity, real estate, and more. blackstone posted record earnings. we will tell you how it closed out at a profit. it is a day of founders. a superstar tech m&a lawyer turned entrepreneur is here. she is the founder of giggle. cred, the founder of news will be with me. and, a super-funny super bowl ad. squarespace will be here. we start with the largest asset manager in the world and its record fourth-quarter profit. our pe specialist is with me. blackstone knocked it out of the park. what specifically gave the company record quarters it is basically two categories, real estate and pe. let s talk about real estate first. private equity makes money from selling assets all right, and then they get fees for managing funds at a performance level that exceeds thresholds. complex,gate office they sold a ton of office portfolio. in its the fourth quarter, it took three companies public. hilton, extended stay all of these were huge, b
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