GLOBAL - Blackstone's shares increase by over 7%

However, the current share price of $13.87 is still far below the 2007 IPO price of $31 per share.

Last week, it was reported that investors in Blackstone's sixth fund, Blackstone Capital Partners VI, were looking to increase the size of their original commitments to the vehicle, which launched in January 2008.

LPs already commited to the fund include CalSTERS, which has committed $270m, as well as CPP and CalPERS, which have each promised $500m. It is understood that Blackstone has raised about $10bn for BCP VI so far, half of its original target, yet closer to its revised goal of between $12bn-$15bn. The fund is expected to close within the next six months.

The renewed confidence in the private equity firm seems to be a result of the firm's widely reported plans to list up to eight of its portfolio companies, including UK entertainment group Merlin and food company United Biscuits.

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