Blackstone Group LP, the world largest alternative asset manager, has so far rai...
- Blackstone Group LP, the world largest alternative asset manager, has so far raised over $22 billion for its latest flagship private equity buyout fund, a person familiar with the matter said on Wednesday.
The New York-based firm, led by cofounder Steve Schwarzman, expects to conclude the fundraising later this year for its eighth buyout fund, said the source, requesting anonymity as the details are private. Blackstone President Jon Gray had said in January the firm expected the fund to exceed $20 billion in size.Blackstone, which had $44.4 billion in private equity funds it had raised but yet to invest at the end of 2018, has been pursuing several large leveraged buyouts in recent years.
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