Blackstone targets record-breaking $30B for its next buyout fund
$Blackstone (BX.US)$ may seek to raise as much as $30B for its next flagship private equity fund, which would make it the industry's biggest buyout fund.
Private equity fundraising has been ramping up. Almost 6,000 funds are looking to pull in a record $1T.
Blackstone is also planning to raise capital for its next energy, life sciences, and growth strategies, the people said, adding that the total for those three plus the flagship fund could come to more than $40B.
In 2019, the firm surpassed the previous record with its $26B flagship buyout fund.
Earlier this year, rival Carlyle Group targeted raising $22B for its buyout fund.
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