Blackstone Seeks Over $10 Billion in Two Direct Lending Funds
- Direct-lending funds in euros and dollars target institutions
- Blackstone has $295 billion in new credit and insurance unit
The direct-lending funds are targeting capital from institutional investors for a fixed term.
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Blackstone Inc. is looking to raise over $10 billion across two private loan funds in Europe and the US, according to people with knowledge of the matter, as the firm seeks to further capitalize on the growth of private credit.
The direct-lending funds, one in euros and the other in dollars, are targeting capital from institutional investors for a fixed term, said the people, who aren’t authorized to speak publicly on private matters. A spokesperson for Blackstone declined to comment.