Industry News, Trustworthy Insights

Popular Companies:

Blackstone: The Record-Breaking $1.3bn Private Wealth Fund

Blackstone has successfully raised $1.3 billion for its inaugural private equity fund targeted at wealthy individuals, despite a delay in its launch.

Signage is seen at the Blackstone Group headquarters in New York City, U.S. PHOTO: Jeenah Moon/Reuters
Signage is seen at the Blackstone Group headquarters in New York City, U.S. PHOTO: Jeenah Moon/Reuters

This substantial amount of capital highlights the growing competition among alternative investment firms to attract private wealth as institutional sources of funding shrink.

Known as BXPE, the fund will focus on various private strategies such as start-ups, fund stakes,

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]