Watch CNBC's full interview with Blackstone President Jon Gray on earnings, investing and more

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Blackstone reported distributable earnings per share of $1.13, compared to a consensus estimate of 89 cents a share. Its results were helped by a jump in the value of its private-equity portfolio amid gains in the overall market. Blackstone President and COO Jonathan Gray joined “Squawk Box” on Wednesday to discuss the company’s performance, the investment landscape and more.

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