Blackstone, the world’s biggest private equity group, has sought to reassure investors that it will be able to invest more than $42bn of unspent capital.
The New York-based buyout group has amassed $13bn in fresh fund commitments in the last quarter, bringing total assets under management to $284bn.
Blackstone’s real estate arm performed strongly during the quarter, contributing $493m to economic net income.
Private equity is estimated to be sitting on $1tn of ‘dry powder, acceding to research firm Preqin.
Financial Times, 18
Blackstone, the world’s biggest private equity group, has sought to reassure investors that it will be able to invest more than $42bn of unspent capital.
The New York-based buyout group has amassed $13bn in fresh fund commitments in the last quarter, bringing total assets under management to $284bn.
Blackstone’s real estate arm performed strongly during the quarter, contributing $493m to economic net income.
Private equity is estimated to be sitting on $1tn of ‘dry powder, acceding to research firm Preqin.
Financial Times, 18
