Deals
Blackstone Sets $25 Billion Limit on Oversubscribed Fund
- The firm expects to exceed industry record reached by Apollo
- Investors are increasing allocations despite high deal prices
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Blackstone Group LP set a $25 billion cap on its latest flagship buyout fund as investors clamor to get into the offering, according to people familiar with the matter.
New York-based Blackstone has attracted more interest from investors for its eighth private equity fund than it’s willing to handle, said the people. At $25 billion, Blackstone would exceed Apollo Global Management LLC’s $24.7 billion fund, an industry record.