May
10
Blackstone Said to Raise $17 Billion for Buyout Fund
ByInvestors are betting that flush times lie ahead for private equity.
The latest sign comes from the Blackstone Group, which raised more than $17 billion for its latest leveraged buyout fund in just seven months, a person briefed on the matter said on Thursday.
At that level, the new fund, known as Blackstone Capital Partners VII, will be one of the biggest raised by the firm in its 30-year history. Blackstone raised about $21 billion for its fifth fund before the financial crisis.
Although the $17 billion represents the first close of the fund, the firm has received commitments in excess of the $17.5 billion limit on the fund, this person added…
Blackstone Said to Raise $17 Billion for Buyout Fund
