Blackstone Hedge Fund Targets $2B For Mezzanine Fund

Jun 18 2008 | 12:17pm ET

A Blackstone Group hedge fund is raising its first mezzanine fund, with a target of as much as $2 billion.

GSO Capital Partners, which Blackstone acquired in January, is aiming to launch the fund with between $1.5 billion and $2 billion, Financial News reports. It has already attracted two investors from Blackstone’s two previous mezzanine funds. The vehicle will invest on a transatlantic basis, without a sector focus

Blackstone’s most recent mezzanine fund came in 2006, and raised $1.06 billion.


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