Investing.com -- Blackstone (NYSE: BX ) Inc. has concluded its extended effort to raise funds for its primary buyout fund, falling short of its initial expectations and taking longer than anticipated. The firm had initially begun its capital collection efforts in 2022 and, according to sources familiar with the situation, has wrapped up its fundraising efforts by the end of March 2025 with a total of just over $21 billion.

These sources, who requested anonymity due to the confidential nature of the information, also revealed that the fundraising process took significantly longer than the average timeframe for similar funds that closed in the past year. This indicates that Blackstone’s fundraising campaign for its flagship buyout fund was not only below its financial goal but also beyond its intended schedule.

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