Industry giant Blackstone has raised $1.3 billion for a new private equity fund aimed at wealthy private clients. This move represents a strategic shift, furthering the democratization of private market offerings.
In a notable move, the American private equity titan Blackstone, a heavyweight in the industry, has for the first time launched a fund for the “small big ones”. The “Private Equity Strategies Fund”, or BXEP, has raised $1.3 billion to enable wealthy, but not necessarily super-rich investors, access to private equity (PE) investments.
This development is indicative of the private equity industry. It suggests that companies are looking for new growth opportunities beyond traditional institutional investors such as pension funds. The BXEP fund shows a strategic shift in Blackstone’s approach, now also targeting wealthier private investors and thus moving away from the usual large-volume investment sources.
The successful fundraising of the BXEP fund also points to a growing interest of wealthy private investors in such investment strategies. This development could signal a long-term change in the financial world, as companies like Blackstone open their doors to a broader group of investors, increasingly competing with traditional asset managers.
Competitors such as Apollo Global, KKR, Carlyle Group, and Brookfield have already developed similar funds for wealthy individual investors.
Last summer, Blackstone became the first PE group to surpass the trillion-dollar mark in managed assets. The New York-based company, which had set a goal in 2018 to reach this mark by 2026, achieved this in the second quarter of 2023, as reported by finews.ch. The private equity giant has been active in Switzerland with a small team in Zurich since 2021.
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| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 🇨🇠|
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Apollo Global, Brookfield, KKR, Carlyle Group, Blackstone |
| Currencies | US Dollar |
| Securities | None |
