Blackstone Secures Approximately $1 Billion for Private Credit Evergreen Fund
BX Blackstone Inc
$114.29 +1.43%
View chart & analysis → - 1Blackstone has secured approximately $1 billion for its Blackstone Private Credit Evergreen Fund.
- 2Allianz Global Investors is leading the investment in the new vehicle, with StepStone Group also participating as a buyer.
- 3As of June 30, the Blackstone Capital Opportunities Fund IV recorded a net internal rate of return of 11%.
So what's the key point?
Blackstone has raised approximately $1 billion in new investment capital. This fund has shown appeal to investors by previously recording an 11% return.
Source Benzinga Private Markets · View original ↗
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