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Blackstone grants €22 billion to private equity fund
04 April 2019 | Vanessa Sousa

Blackstone granted this Wednesday the largest known amount to an investment vehicle specialised in buying private equity: 22.000 million euro.

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The purpose for this grant is not yet know, but there are high expectations. The American giant expects a high growth from its new investment fund. According to Eje Prime, this growth should surpass the 24.600 million-euro Apollo raised two years ago.

At the end of 2018, Blackstone had 44.400 million euro in private equity funds. At the same time, it had 472.200 million euro in assets under its management.