Friday, 22 May 2015
Last updated 3 hours ago
Jan 6 2012 | 9:12am ET
The Blackstone Group will close one of the largest private equity funds ever raised next week.
In four years of fundraising for Blackstone Capital Partners VI, the p.e. giant garnered just over $16 billion, Reuters reports. The fund began investing last January; Blackstone had predicted that it would raise about $15 billion.
Blackstone CEO Steven Schwarzman said he expects that BCP VI will be the largest p.e. fund raised over the next two to three years. Its final close is scheduled for Jan. 7, one year after it began investing.
BCP VI is the sixth-largest p.e. fund ever raised, according to Prequin. It's predecessor, Blackstone Capital Partners V, is the largest, having raised $21.7 billion.
BCP VI's investors include some of the largest institutional investors in the world, among them the California Public Employees' Retirement System, Canada Pension Plan Investment Board and New Jersey Division of Investment. The fund has already invested more than $620 million of its capital.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…