Blackstone Inc.’s ambitions to raise as much as $30 billion for a record-breaking buyout fund have crashed headlong into a new reality.
The private equity giant, which began preparing for the effort in late 2021 and hoped to complete it by the first half of this year, pushed back the timeline to the second half, according to people familiar with the matter. Blackstone has been reining in expectations about how much it will ultimately raise.
