May 17, 2024
Funds

Blackstone Sells $1.1 Billion of Private Equity Fund Stakes to Ares

(Bloomberg) — Blackstone Inc.’s Strategic Partners unit sold a $1.1 billion portfolio of private equity fund interests to Ares Management Corp. Most Read from Bloomberg The portfolio consists of older fund stakes that Strategic Partners had acquired from institutional sellers, according to people with knowledge of the matter, asking not to be identified discussing confidential

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