Blackstone closes private equity fund and first India deal

Blackstone closes world's largest private equity fund and announces Indian pharmaceutical investment.

The Blackstone Group announced earlier this week it had closed its latest global private equity fund, Blackstone Capital Partners V BCP V with total commitments of $15.6 billion creating, what it says, is the worldÆs largest private equity fund. The fund will also house BlackstoneÆs first India investment, one amongst several committed investments reported. BCP IV which closed in 2002 with total commitments totalling $6.45 billion is fully invested.

Blackstone has a presence across alternative asset investment businesses. In addition...

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