Blackstone raises $18 bln for global buyout fund
Dec 14 (Reuters) - Blackstone Group LP, the largest alternative asset manager, said on Monday it had raised $18 billion for its latest global private equity fund, highlighting the healthy pace of fundraising by large buyout firms.
The fund, dubbed Blackstone Capital Partners VII, exceeded its fundraising limit of $17.5 billion and accepted over 250 investors, Blackstone said in a statement.
Blackstone said it expects to start investing cash from the fund in the first three months of next year.
Blackstone managed a record $333.9 billion in assets at the end of September.
(Reporting by Koh Gui Qing in New York; Editing by Bernadette Baum)
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