Twitter LinkedIn
    Tuesday, May 17
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Fundraising»Blackstone’s $4.5 Billion New Growth Equity Warchest
    Fundraising

    Blackstone’s $4.5 Billion New Growth Equity Warchest

    March 20, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Alternative investment giant Blackstone Group Inc. raised a gobsmacking US$ 4.5 billion for its inaugural growth equity fund – Blackstone Growth (BXG). Blackstone is known for its buyout strategies with regard to private equity. Blackstone said the growth equity fund was oversubscribed. Blackstone experienced recent growth equity success in its investments in online dating company Bumble Inc and vegan food and drink products maker Oatly.

    Growth equity as a private equity strategy sits between traditional buyouts and venture capital. Typically, growth-focused private equity invest in transactions for either a minority or majority stake in the target company. Venture capital strategies are fraught with market risk and product risk. Growth equity investors must manage mostly execution and management risk.

    Blackstone wants to compete with TPG Capital and General Atlantic in the growth equity space. TPG Growth IV fund closed on US$ 3.7 billion and TPG Growth V fund is aiming for US$ 4 billion. Other major PE players in this space include Insight Partners, Summit Partners, TCV, TA Associates, and Spectrum Equity.

     

    Read More

    Source: SWFI

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Fundraising funds Investments
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Alan Howard’s crypto platform attracts investment from Goldman Sachs and Barclays

    May 16, 2022

    Musk’s wild Twitter ride shows the power of private capital

    May 16, 2022

    Apollo Makes $1 Billion Bet on Indian Property With Lending Plan

    May 16, 2022

    BlackRock Impact Opportunities Fund Targets $1bn

    May 13, 2022

    Comments are closed.

    Other Articles

    €150M PEST CONTROL MANUFACTURER TO BE ACQUIRED FROM LDC

    August 5, 2021

    Deutsche Bank Rides SPAC Boom to Make League Table Comeback

    March 16, 2021

    Blackstone’s record $1.4bn profit powered by real estate business

    January 28, 2022

    Saudi Aramco closes $15.5bn BlackRock-led gas pipeline deal

    February 25, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?