(Bloomberg) Blackstone Group LP, the world’s largest private equity manager, expects this month to finish raising the biggest buyout pool yet designed to mimic the long-term, buy-and-hold strategy of Warren Buffett.
New York-based Blackstone expects to garner about $5 billion for its first “core” private equity fund, which will invest in individual companies for more than twice the typical three-to-five-year holding period, according to a person with knowledge of the matter. Blackstone has locked up much of the money in recent weeks, said the person, who asked not to be identified because the information is private.
