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Blackstone to Seek More Than $20 Billion for Buyout Fund

  • Firm plans to start marketing buyout pool later this year
  • Private equity firms hold record $1 trillion in dry powder
Bloomberg business news
Blackstone Said to Seek More Than $20B for Buyout Fund
Updated on

Blackstone Group LP plans to start raising its next global private equity fund three years after gathering about $18 billion from investors for its last pool.

The firm is expected to seek more than $20 billion when it starts marketing its eighth buyout fund later this year, according to people familiar with the matter who asked not to be named. New York-based Blackstone’s prior vehicle wasn’t even a third invested as of March 31, according to a regulatory filing.