Blackstone closes BCP VI fund on $15bn
Blackstone Group has announced the final close of its sixth buyout fund, BCP VI, on $15bn.
Investors include pension and insurance funds, hedge funds and wealthy individuals. The private equity firm is said to be considering UK acquisitions in the healthcare, leisure, media, technology and engineering sectors.
The private equity giant began fundraising for BCP VI around three years ago. Though it did not publicly disclose a target at the time, reports suggest the figure was around $20bn.
Blackstone’s latest fund is smaller than its previous fund, which closed on $22bn in 2007.
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