Deals
BlackRock Private Equity Fund Raises $2.75 Billion in First Push
- Long-Term Private Capital to take stakes in private companies
- Firm initially had sought to reach goals by mid-2018
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BlackRock Inc.’s private equity vehicle completed its first fundraising round, lagging behind its original schedule.
The Long-Term Private Capital fund secured $2.75 billion from investors, including $1.25 billion in hand and $1.5 billion committed, BlackRock said in a statement Monday. The world’s largest asset manager contributed its own capital to both pools, according to a spokesman.