Deals
Blackstone Nears $20 Billion for Flagship Buyout Fund
- Firm has yet to set a cap on the fund as it approaches record
- Buyout fund may have first close in March or early April
Photographer: Victor J. Blue/Bloomberg
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Blackstone Group LP expects to reach about $20 billion when it completes the first phase of capital raising for its flagship fund, signaling the appetite for private equity has yet to wane.
The New York-based firm notified investors that the first close for its eighth buyout fund may be in March or early April, according to people with knowledge of the matter. Blackstone hasn’t yet set a limit for the fund’s size as it approaches a record for its buyout pools.