Blackstone is preparing to raise what may be the largest private equity fund in the world with 30,000 million dollars, according to the specialized publication PEI. Fundraising could begin next year at a time when all the major investment vehicles are accelerating the accumulation of money for a broad wave of purchases that is expected to start as early as May 2022.
Currently, nearly 6,000 funds are trying to raise a record $ 1 trillion, according to Preqin data.
Blackstone, which was managing $ 684 billion at the end of June, is also preparing to develop its next strategies including life sciences, energy and growth, the people said, noting that along with the flagship the four funds could raise more than $ 40 billion.
Blackstone already broke the previous industry record when it closed its flagship buyout fund in 2019 at $ 26 billion. Last week, Bloomberg reported that Blackstone could seek up to $ 10 billion for a growth fund after closing the previous one earlier this year.
His rivals have not been left behind. In July, Carlyle Group Inc. was seeking up to $ 27 billion for its latest flagship fund. That same month, Hellman & Friedman raised $ 24.4 billion for its largest fund on record to date.