Blackstone reportedly nearing $5B for buy-and-hold fund
June 14, 2016
Blackstone plans to conclude fundraising on a $5 billion vehicle this month, according to a Bloomberg report. It’s believed Blackstone will use the fund to back larger, more established companies and that it will have a 20-year lifespan, much longer than most private equity funds. Blackstone joins The Carlyle Group, Altas Partners and CVC Capital Partners in assembling longer-horizon vehicles during the first half of 2016.