Blackstone said to near $20b first close of flagship buyout fund

Blackstone said to near $20b first close of flagship buyout fund

Blackstone Group LP headquarters stands in New York, U.S., on Friday, April 14, 2017. Photograph: Victor J. Blue/Bloomberg

Blackstone Group LP expects to reach about $20 billion when it completes the first phase of capital raising for its flagship fund, signaling the appetite for private equity has yet to wane.

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