Blackstone Eyes as Much as $10 Billion for Next Big Growth Fund
- The firm is quietly testing interest in its second growth pool
- Fundraising comes shortly after Blackstone’s record debut fund
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Blackstone Inc. is setting out to raise one of the largest growth equity funds on record.
The investing giant may seek as much as $10 billion for a second fund targeting fast-growing companies, more than twice the size of its debut fund for that strategy, according to people with knowledge of the matter. The firm has started sounding out market participants on how much it hopes to raise but has yet to set a precise target, one of the people said, asking not to be identified discussing the deliberations.
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Blackstone Eyes as Much as $10 Billion for Next Big Growth Fund