Blackstone Raises $21.7 Billion in Record Buyout Fund

Discussion in 'Wall St. News' started by ASusilovic, Aug 8, 2007.

  1. Anybody talking about credit crunch ? => Who cares ? =>

    Blackstone Group LP raised $21.7 billion for the world's biggest private equity fund, just as a global credit crunch threatens leveraged buyouts.

    The fund is more than triple the $6.45 billion pool Blackstone raised five years ago, and tops the $20 billion amassed by Goldman Sachs Group Inc. in April. Blackstone has already committed to spend two thirds of the new fund, the New York-based firm said in a Business Wire statement today.
  2. It'll be "different" with this fund.
  3. Hotel chains do great in a recession!! Good call BX!!!!
  4. Seems like it's happening to everyone. Who is next??