Private equity giant, Blackstone, has just hit a major milestone this week. The company announced that their second core fund, also known as, Blackstone Core Equity Partners, has officially closed at $8 billion. This profit is up 70% from Blackstone’s previous fund that closed earlier this year. This profit also represents the largest amount of capital ever raised from outside investors.
Blackstone is the current global leader in terms of funds. They have the largest private equity fund, and the largest life science private fund in history. Even more impressive is that, Blackstone managed to raise all of these assets for themself in the past year.
Background on the Blackstone Second Core Fund
“The current volatile and unpredictable environment reinforces the importance of inves…