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Private Equity

Blackstone Raises Nearly $3.7B For Second Tactical Opportunities Fund

by finalternatives.com posted 2years ago 10933 views
Blackstone Group has raised at least $3.69 billion for its second tactical opportunities fund, a multi-asset pool designed to capitalize on opportunistic investment opportunities across capital structures.  The new fund, named Blackstone Tactical Opportunities Fund II LP, will be managed by David Blitzer within Blackstone’s Tactical Opportunities Group, which closed its first fund in March 2014 with $5.6 billion. As with the first fund, the new one will pursue opportunistic investments across corporate capital structures and multiple asset classes, including credit, real assets and private equity investments.  The strategy is another example of a major investment manager pursuing an alternative...