Blackstone Markets $2 Billion Fund Stakes as Bonds in One of Largest CFO Deals
Updated
Updated · Bloomberg · Jun 8
Blackstone Markets $2 Billion Fund Stakes as Bonds in One of Largest CFO Deals
3 articles · Updated · Bloomberg · Jun 8
Summary
More than $2 billion of Blackstone private-fund stakes are being marketed to investors through a collateralized fund obligation, according to the Financial Times.
The bond package would bundle exposure to leveraged buyout funds, turning Blackstone's holdings in private investment funds into tradable debt securities.
The transaction would rank among the largest collateralized fund obligation deals to reach the market and would exceed a similar sale launched last year by Carlyle's AlpInvest unit.