Private equity firm Blackstone is looking to launch a new global private equity fund.
The firm expects to start raising Blackstone Capital Partners VII as soon as at the end of this year and the vehicle is expected to be at least as large as its previous $16.1bn fund closed in 2012, said head of private equity Joseph Baratta, according to Dow Jones.
Baratta also said that the firm is currently actively marketing its second energy fund, which is significantly larger than the first vehicle that raised $2.5bn in 2012.
Earlier this month AltAssets reported that Blackstone had secured commitments of $3.53bn from 60 LPs.
The fund has already exceeded its initial target of $3.5bn, which was recently exceeded to $4bn.
Back in March AltAssets revealed that Blackstone’s dedicated private equity secondaries division which it spun out from Credit Suisse in 2012, had gathered more than $1.5bn for its latest fund.
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