Fundraising

The €16bn fund, the largest euro-denominated vehicle in private equity history, includes a €500m GP commitment.

The newly listed asset manager has pooled capital from nine Finnish LPs to invest in secondaries and large US and European buyout funds over a two-year period.

The vehicle would be the largest ever for the $189bn private equity firm, which is expected to make a GP commitment of at least 3.5% of total commitments.

While all eyes were trained on the firm’s plans for a record-breaking infra fund, Blackstone was quietly agreeing on an arguably more fruitful transaction.

The London-headquartered buyout firm is following in the footsteps of peers such as CVC, KKR and Carlyle Group in establishing a technology-focused fund.

The consumer sector-focused mid-market firm has raised $984m as of 19 May.

The French player has raised €310m for Parquest Capital 2, which will invest in French SMEs.

The asset manager has raised more than $125m to invest in private equity impact funds, particularly in emerging and frontier markets.

The firm has invested in Italian dental services provider DentalPro as it continues to fundraise towards its €7bn target.

The record-breaking fund is aiming for a $100bn final close ‘within six months’.