08:34 AM EDT, 03/28/2025 (MT Newswires) -- Blackstone's (BX) buyout fund is finishing late and below its initial target for fundraising, Bloomberg reported Friday, citing people familiar with the matter.

Blackstone, which began seeking capital in 2022, has told investors it expects to complete its fundraising by the end of the month with slightly more than $21 billion, the report said, quoting sources.

Buyout funds that closed within the last year took about half that time on average, the report said. Industry fundraising fell last year for the third year in a row, according to the report.

Blackstone did not immediately reply to a request for comment from MT Newswires.

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