Saturday, 23 August 2014
Last updated 18 hours ago
Jul 23 2010 | 1:50pm ET
The Blackstone Group has raised the biggest new buyout fund since the beginning of the financial crisis.
The New York-based private equity fund has closed its sixth fund at $13.5 billion, well ahead of its target, but smaller than the $14 billion BCP V fund. That fund later reopened and netted an additional $6 billion.
“In any environment, $13.5 billion is a great result and gives us plenty of firepower as we have $3 billion from the old fund,” Blackstone President Tony James said.
Blackstone expects to invest the remaining capital from its fifth fund in the fall, when it will begin investing money from the sixth fund. It will focus on Asia and North America, at least until the European economy begins to recover.
BCP VI features additional choices on deal fees not offered on BCP V, Blackstone said.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note