Deals
Blackstone to Seek More Than $20 Billion for Buyout Fund
- Firm plans to start marketing buyout pool later this year
- Private equity firms hold record $1 trillion in dry powder
This article is for subscribers only.
Blackstone Group LP plans to start raising its next global private equity fund three years after gathering about $18 billion from investors for its last pool.
The firm is expected to seek more than $20 billion when it starts marketing its eighth buyout fund later this year, according to people familiar with the matter who asked not to be named. New York-based Blackstone’s prior vehicle wasn’t even a third invested as of March 31, according to a regulatory filing.