Blackstone Fund Close Slated for Tomorrow

I’m told that The Blackstone Group is still on schedule to close its latest mega-fund tomorrow, after around two years in market.

No word yet on where it will end up, although we reported last month that the revised target was just north of $12 billion. It originally went out with a $20 billion target, then lowered it to $15 billion.

According to public filings, the firm has been stuck on around $9 billion for the past year. It will be interesting to see which fence-sitters jump to Blackstone’s side, and what term sweeteners are used to lure them…