Amidst all the market chaos going on, it’s a good thing someone is thriving. According to Bloomberg, Blackstone Inc. is reportedly gearing up to raise capital for the biggest PE buyout fund ever. 💪
Private equity funds are pools of money raised from investors that firms use to buy companies (or other asset classes, like real estate) which yield high rates on return on initial investments. It’s reported that Blackstone could raise up to $30 billion for its next private equity fund with the raise tentatively scheduled to begin next year.
Meanwhile, similar firms are looking to boost their fund sizes, too — it’s estimated that 6,000 different PE funds are fixing to pull in over $1 trillion to fill their coffers and makes some deals.
Two years ago, Blackstone raised $26 billion for its flagship buyout fund. The firm could also look to raise up to $10 billion for a growth fund. Blackstone’s peers, like Carlyle Group and Hellman & Friedman, just pooled $27 billion and $24.4 billion for their funds, respectively. 🤑
Low interest rates are capping returns for investors, so funds are on the hunt for higher-yield investments. The good news? There’s no shortage of investment opportunities for PE funds these days… unlike the rest of literally every other market right now. 😅 😬
$BX was up 1.46% today.