Private equity giant hit its hard cap and 'could have gone higher'

Former editor

Private equity giant the Blackstone Group has closed its seventh secondaries fund at an upper limit of $7.5 billion, exceeding the amount it raised for its last two secondaries funds combined.

Blackstone secured investment from pension funds, sovereign wealth funds, financial institutions, endowments, foundations and family offices across 25 countries, it said in a statement.

Blackstone raises $7.5bn for new secondaries fund

Jessica Davies

Blackstone Group

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