Simpson Thacher represented The Blackstone Group Inc. (“Blackstone”) in the establishment of its inaugural growth equity fund, Blackstone Growth (“BXG”). Blackstone has announced that BXG was oversubscribed and closed at its hard cap of $4.5 billion of outside capital, which is reported to be the largest first-time growth equity fund raised in history.
The Simpson Thacher team included Michael Wolitzer, Steven Klar, Jordan Cross, Michael Milano, Lu Wang, Matthew Pinegar, Heather Lee, Shreya Tallanje, Christian Riess, Emily Rosenthal and Minzala Mvula (Funds); Brian Robbins and Jeanne Annarumma (ERISA); Jonathan Goldstein, Jodi Schneider, Morgan Otway and Stefan Golubovic (Tax); and Jennifer Levitt, Thomas Howland and Jackson Sullivan (Credit).