Blackstone target RIAs with launch of its Private Equity Strategies fund

Private equity firm Blackstone Group is set to launch a new fund aimed at wealthy individuals, as part of its efforts to diversify its investor base. The Blackstone Private Equity Strategies Fund (BXPE) will allow wealthy investors access to corporate buyout deals. The fund's launch was delayed last year due to concerns over commercial property valuations. Blackstone's move reflects its push to attract private wealth investors, expanding beyond pensions and endowments.

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