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.

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,