The Blackstone Group is pressing ahead with plans to raise a new $20bn (â¬12.7bn) megafund despite the credit crunch-induced freeze on large buyouts affecting some deals involving the US alternative assets manager.
Blackstone sent some investors the private placement memorandum - a fundraising prospectus - for Blackstone Capital Partners VI in January, according to industry sources, with others receiving it in March. Blackstone declined to comment on the fundraising.
