Blackstone sees $200m commitment from Oregon pension fund

The commitment is the pension fund’s first to Blackstone and comes as the private equity major is dotting the i’s and crossing the t’s on Blackstone Capital Partners VI, having collected an anticipated $13.5bn from LPs.

Blackstone’s previous fund, a $21.7bn buy-out vehicle raised in 2007, is down two per cent on a net basis including fees, meaning the fund has not generated any return for its investors, but a loss from the fees incurred for the management of the mega fund.

On the latest fundraising, chairman and CEO Stephen Schwarzman said in a recent statement, “…our successful long-term investment track record on behalf of our limited partners allowed us to raise new funds even in a most challenging fundraising environment, bringing us to $111bn in total assets under management at period end.”

In the second quarter of the year Blackstone’s profit rose 13 per cent, lifted primarily by its real estate portfolio.

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