U.S. Blackstone lands $695 mln in funding for its two Mexico PE funds

03/19/2019 9:34:00 AM (GMT)

New York-based financial services firm Blackstone Group has raised $695 million in funding for its first two local private equity (PE) funds.

Blackstone Group secured the new capital from Mexican pension funds

The private equity funds are expected to help Mexican pension funds spread risk with international investments ranging from infrastructure to energy and special situations hedge funds.

Blackstone has bagged a total of $122.3 billion across seventeen funds and said that the new funds are all listed on the Mexican Stock Exchange.

The Blackstone Group L.P.

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