Blackstone Core Equity Partners II's $8 Billion Fundraising

Blackstone Core Equity Partners II's $8 Billion Fundraising

10/27/2020

Blackstone Core Equity Partners II's $8 Billion Fundraising

Simpson Thacher represented The Blackstone Group in the transaction.

The Blackstone Group Inc. (“Blackstone”) finalized the establishment of the second vintage of its long-hold private equity strategy, Blackstone Core Equity Partners II (“BCEP II”). Blackstone has announced that BCEP II was oversubscribed and closed at its hard cap of $8 billion, which is more than 70% larger than its predecessor fund and represents the largest amount of capital raised from outside investors for a long-hold private equity vehicle in history.

The Simpson Thacher team included Jonathan Karen (Picture), Steven Klar, James Hays, Benjamin Smith, Lu Wang, Javier Rivera-Alvarado, Matthew Pinegar, Nick Brown, Emily Rosenthal, Julia Levenson and Dustin Cooper (Private Funds); Jonathan Goldstein, Jodi Schneider, Morgan Otway and Stefan Golubovic (Tax); Jeanne Annarumma (ERISA); and Julia Kohen, Jessica Paletsky and Jacqueline Yuan (Credit).