Saturday, 30 August 2014
Last updated 23 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...