Saturday, 1 October 2016
Last updated 12 hours ago
Aug 8 2007 | 10:53am ET
Twenty-one billion dollars is the new $1 billion as far as the Blackstone Group is concerned. And it’s the size of the private equity behemoth’s latest global offering, Blackstone Capital Partners V.
The $21.7 billion BCP V, like its predecessor funds, will be invested across a broad range of sectors and regions. Two-thirds of the fund’s available capital has already been invested, in companies such as Nielsen Co., Michaels Stores, Alliance Data Systems, Biomet, Freescale Semiconductor, Hilton Hotels and Center Parcs.
“This further vote of confidence from our investors is extremely gratifying,” firm co-founder Stephen Schwarzman said “The record-breaking amount of capital at our disposal allows us to continue our leadership role in private equity investing on a global basis.”