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Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Friday it closed Blackstone Growth (BXG), its inaugural growth equity fund, at $4.5 billion.
Blackstone said the fund was oversubscribed, with capital commitments from family offices, entrepreneurs, endowments, strategic institutional investors, pension funds and high-net-worth individuals.
BXG's investments include online dating company Bumble Inc and vegan food and drink products maker Oatly, which counts Oprah Winfrey and rapper Jay-Z among its prominent backers, Blackstone said.
Large buyout firms are ramping up and preparing to launch new funds to invest in various
