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Blackstone Group Closes Latest Equity Fund at $15.6 Billion

NEW YORK CITY-The Blackstone Group closed its latest global private equity fund, Blackstone Capital Partners V (BCP V), with commitments of $15.6 billion looking to invest across a broad range of sectors.

By Tom Sosnowski | Updated on July 11, 2006

NEW YORK CITY-The Blackstone Group announced the closing of its latest global private equity fund, Blackstone Capital Partners V (BCP V), with commitments of $15.6 billion, creating the world’s largest private equity fund and looking to invest across a broad range of sectors and geographical locations.

Several significant investments have already been committed to BCP V including VNU N.V. (Netherlands), Michaels Stores Inc. (USA), Cendant’s Travelport unit (Global), Encore Medical Corporation (USA), Center Parcs (UK), Emcure Pharmaceuticals Limited (India) and Deutsche Telekom A.G. (Germany), with a total enterprise value of approximately $30 billion. The combined equity participation in these seven transactions already accounts for more than 25% of the new fund’s available capital.

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