Blackstone closes latest PE fund at record-breaking $8bn

Blackstone announced today the final close of the second vintage of its long-hold private equity strategy, Blackstone Core Equity Partners (BCEP II), which was oversubscribed and closed at its hard cap of $8 billion.

The fundraise is more than 70% greater than the firm’s predecessor fund and represents the largest amount of capital raised from outside investors for a long-hold private equity vehicle in the firm’s history.

Blackstone initially started to discuss the offering with investors in 2014. All the work led to the close of the first vintage of the . . .

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