Blackstone raises $13.5bn for sixth buyout fund

US private equity giant, which reported a widening loss in its second-quarter results, will focus less on Europe and traditional large public-to-private deals for new fund

US alternatives firm Blackstone Group has closed its sixth buyout fund on $13.5bn (€10.4bn), which will be less focused on Europe and the traditional large public-to-private deal.

Tony James, president and chief operating officer of Blackstone, said on a conference call that the firm had held its final close on BCP VI at $13.5bn and was just waiting for a few investors to sign documentation.

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