WE WANT IN: $18 Billion for Latest Blackstone Fund
The Blackstone Group raised a massive US$ 18 billion for its latest private equity fund named Blackstone Capital Partners VII (BCP VII). The fund has accepted over 250 investors including sovereign wealth funds, from 40 countries. Blackstone and its employees are committing US$ 500 million to the fund. The money will be deployed in the first three months in 2016. Fundraising efforts started in November 2014. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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