Blackstone Closed Fourth Commingled Flagship Fund - Largest-Ever Vintage Of Its Kind
Portfolio Pulse from Lekha Gupta
Blackstone Inc (BX) has closed its fourth flagship commingled fund, Blackstone Tactical Opportunities Fund IV (BTO IV), raising a record capital commitment of $5.2 billion. The combined BTO IV platform is expected to contain new capital of around $10 billion. BTO IV is the largest-ever vintage of its kind, considerably higher than the BTO III platform. BX's Tactical Opportunities platform has assets under management of $34 billion. BX's assets under management stood at $1.00 trillion as of Q2.
August 21, 2023 | 4:50 pm
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Blackstone's successful closure of its largest-ever fund, BTO IV, and the expected new capital of around $10 billion could boost investor confidence and potentially impact the company's stock positively.
The successful closure of Blackstone's largest-ever fund, BTO IV, and the expected new capital of around $10 billion indicates strong investor confidence in the company's investment strategies. This could potentially lead to increased demand for BX's stock, driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100