The Blackstone Group is beginning its IPO roadshow this week, replete with a 698-page amended S-1 filing. That’s approximately one page for each upcoming press report about how Blackstone submitted an amended S-1 filing.
Download the entire doc, if you dare: blackstone2.pdf.
The ammended filing notes that Blackstone’s current fund has $19.6 billion in capital commitments, which means that yet another amended filing may soon be in the works. My colleague Mark Cecil is reporting over at BuyoutsNews.com that Blackstone will (finally) wrap up fundraising at the end of July, on over $22 billion. At that size, it would be the largest private equity fund ever raised.
BTW: Not much new stuff in the amended S-1, except for this doc related to China’s recent $3 billion investment in Blackstone. Oh, and the fact that Blackstone will add some high-profile directors: former Canadian Prime Minister Brian Mulroney, former Deloitte Touche Tohmatsu CEO William Parrett and British I-banker Lord Nathaniel Charles Jacob Rothschild.