Blackstone's Raises $4B Credit Fund, Largest Since 2008
The fund was raised through GSO, Blackstone's credit business, and will target upper middle-market mergers and acquisitions as well as leveraged buyouts, which Blackstone said are underserved by current debt options. Credit accounts for $46 billion of Blackstone's $166 billion asset portfolio.
Investors include New Jersey's teacher pension plan and...
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