2023年1月28日

黑石公司(Blackstone Inc.)為其創紀錄的收購基金籌集至多300億美元資金的雄心壯誌已經一頭撞向了新的現實。2023年1月28日上午11點22分IST, 2023年1月28日上午11點22分IST, 2023年1月28日節省廣告(彭博社)——黑石公司為創紀錄的收購基金籌集多達300億美元的雄心壯誌已經一頭撞進了一個新的現實。(彭博社)——黑石集團(Blackstone Inc.)為其創紀錄的收購基金籌集高達300億美元的雄心壯誌已經一頭栽進了新的現實。據知情人士透露，這家私募股權巨頭於2021年底開始為這一努力做準備，並希望在今年上半年完成，但該公司將時間表推遲到了下半年。黑石一直在抑製人們對其最終籌資規模的預期。現在，這家全球最大的另類資產管理公司表示，它可能募集到大約250億美元，與之前的旗艦基金規模相當。去年通脹引發的市場低迷令機構投資者感到不安，在股市和債市大跌後，他們的投資組合突然過度投資於私募股權。其中一位知情人士說，黑石的籌款人則向合夥人表達了對該公司能否按時實現這隻基金的目標的擔憂。“在艱難的私募股權融資環境下，我們將籌集與之前基金大致相當的金額，”黑石總裁、52歲的喬恩·格雷(Jon Gray)周四在該公司公布第四季度業績後的電話會議上表示。這與三個月前的情況有所不同，當時格雷表示，該基金的規模將至少與之前的基金一樣大。 Blackstone also had told clients within the past year that it hoped to raise as much as $27.5 billion, some of the people said. A representative for the New York-based firm declined to comment. Lofty Targets Blackstone and other buyout firms flourished during a prolonged period of low interest rates, raising one record pool after another as institutional investors such as pension funds and endowments turned to private equity for higher-yielding assets. Firms that set lofty fundraising targets at the height of the market are now being forced to walk them back. About 1-in-5 buyout funds failed to hit fundraising targets in 2022, up from 14% two years earlier, according to a Preqin analysis of hundreds of global funds. To reach those goals, firms had to spend seven more months on average persuading investors to write checks than in 2020. Institutions’ overexposure to private equity caused Blackstone’s fundraising to slow toward the end of last year. It has collected $15.2 billion for its flagship fund so far, according to a filing last week. That’s up only slightly from Oct. 20, when Gray told analysts that the firm had raised $14 billion. The firm’s corporate private equity portfolio declined 0.6% last year, outperforming the S&P 500, which tumbled 19%. Blackstone ended the year with $975 billion of assets under management, falling short of its goal to reach $1 trillion. Still, Gray said the firm is making progress in its effort to raise $150 billion across its various flagship funds. “The good news is we’re at $100 billion,” he said, “so we’re two-thirds of the way through this.” (Updates with performance of corporate private equity portfolio in third-to-last paragraph.) More stories like this are available on bloomberg.com ©2023 Bloomberg L.P.