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Article: Hong Kong : Blackstone's New Asian Firm Plans $1 Billion Fund, People Say.
- Article from:
- TendersInfo
- Article date:
- May 29, 2008
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Byline: pinto03
Blackstone Altius Advisors, the Hong Kong-based hedge fund manager set up this month by the world's largest buyout firm, plans to start its first fund in October with as much as $1 billion, three people briefed on the plan said.
Blackstone Group LP will initially invest $150 million in the fund, said the people, who declined to be identified because the information hasn't been publicly announced. The event-driven fund aims to raise $500 million to $1 billion, Blackstone Altius told potential investors. Peter Rose, a New York-based spokesman for its parent, declined to comment, citing regulatory reasons.
Blackstone is tapping new ...