Blackstone Inc. raised $1.3 billion for its first private equity fund for rich individuals, achieving one of the biggest initial hauls for a fund of its kind despite a delayed launch.
The cash pile, disclosed in a filing Monday, underscores the intensifying race among alternative investment firms to court private wealth as key sources of institutional money dry up.
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January 08, 2024 at 08:15PM
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Blackstone's First Private Equity Fund for Rich Individuals Gets $1.3 Billion - Bloomberg
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