Private equity giant Blackstone today announced the close of Blackstone Growth, its inaugural growth equity fund. With $4.5 billion in commitments, the firm says it is the largest first-time growth equity fund in history.
Blackstone says the fund will focus on providing capital to “entrepreneurs seeking to minimize the execution risks associated with high-growth environments.”
Previously, Blackstone has made a number of growth equity investments out of its other funds. This includes stakes in online dating company Bumble, oat milk pioneer Oatly, and enterprise software business ISN.
Source: Crunchbase News
By Joanna Glasner
