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Blackstone's US$6.3B Life Sciences Fund Breaks Records
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Blackstone's US$6.3B Life Sciences Fund Breaks Records
Blackstone (NYSE:BX) has raised US$6.3 billion for its latest life sciences fund, the largest private vehicle dedicated to the sector.The fund, Blackstone Life Sciences VI (BXLS VI), was oversubscribed and closed at its hard cap, about 40 percent larger than its predecessor, which raised US$4.6 billion in 2020.The vehicle continues Blackstone’s strategy of funding individual drug assets rather than taking equity stakes in companies, targeting pr…
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