NOT FOR REPRINT
Blackstone Targets Richer Clients Than Its Rivals for a New Fund
By
Miles Weiss
News August 07, 2024 at 01:53 PM
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What You Need To Know
- Unlike rivals, the private equity firm will only sell its latest product to those with at least $5 million of investments.
- KKR and Apollo have already set up infrastructure vehicles to raise money from those with a net worth of more than $1 million.
- Blackstone's new fund will charge an annual management fee of 1.25% and take 12.5% of total returns.
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