trending Market Intelligence /marketintelligence/en/news-insights/trending/ZwWwRQ0S_O475rkPvaTJvA2 content esgSubNav
In This List

Blackstone raises $695M for first 2 Mexican private equity funds

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Blackstone raises $695M for first 2 Mexican private equity funds

Blackstone Group LP received $695 million for its first two private equity funds in Mexico, Reuters reported.

Filings to the Mexican Stock Exchange and a nonpublic document reviewed by Reuters reportedly indicated that the capital commitments came from local pension funds.

The private equity funds could help Mexican pension funds spread risk with global investments related to infrastructure, energy and other assets, as well as special situations hedge funds, Reuters noted.

Blackstone is the latest to enter the Mexican fundraising market after a regulatory change in January 2018 that, for the first time, permitted foreign private equity firms to tap into that country's $179 billion worth of pension fund assets and relaxed some investment restrictions for pension funds. BlackRock Inc. and KKR & Co. are among the private equity managers that have recently expanded into Mexico, according to the report.