Blackstone sets new record with $15.6bn buyout fund

The Blackstone Group has set a new record in private equity fundraising by closing its fifth global buyout fund at $15.6bn (€12.2bn), highlighting the wall of money chasing alternative assets.

Blackstone Capital Partners V, which trumps the previous record of $14.25bn held by Texas Pacific Group, will be invested across a broad range of sectors and geographical locations, the firm said.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached