'Blackstone Raises $22 Billion in New Direct Lending Fund' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Blackstone Inc. has raised approximately $22 billion for a new direct lending fund aimed at institutional investors. This move highlights Blackstone's continued expansion in the direct lending market.
October 29, 2024 | 12:14 pm
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Blackstone Inc. has successfully raised $22 billion for a new direct lending fund, indicating strong investor confidence and potential for increased revenue streams.
The successful raising of $22 billion for a direct lending fund suggests strong investor confidence in Blackstone's strategy and capabilities. This could lead to increased revenue and profitability, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100