Blackstone closed its inaugural royalty and structured credit-focused life sciences fund with $1.6 billion in investor commitments.
The Blackstone Life Sciences Yield fund was the largest first-time fund of this nature, according to officials at the $881 billion alternative investment firm. The strategy centers on post-approval, commercial-stage opportunities and complements Blackstone’s Life Sciences business, which invests in late-stage product development and is housed in Blackstone’s $261 billion private equity portfolio.
“Blackstone Life Sciences aim to invest across the full lifecycle of innovative medicines and medical technologies . . .
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