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 . . .
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.
Monthly subscriptions and discounted corporate plans for up to 100 members also available.