Blackstone Inc.’s protracted campaign to raise cash for its flagship buyout fund is finally grinding to a close, beyond schedule and billions of dollars short of initial expectations. The firm, which began seeking capital in 2022, told investors it will have wrapped up fundraising around the end of March with a little more than $21 billion, according to people familiar with the matter, who asked not to be identified discussing confidential details. Buyout funds that closed in the past year took about half as much time on average.
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Source: https://finance.yahoo.com/news/blackstone-buyout-fund-closing-below-113000094.html