The Blackstone Group (BX) PT Raised to $142 at BMO Capital Following Earnings

Go back to The Blackstone Group (BX) PT Raised to $142 at BMO Capital Following Earnings

Blackstone Announces Close of Blackstone Life Sciences Yield Fund at $1.6 Billion

April 20, 2022 12:00 PM EDT

Fund enhances firms capacity to invest in life sciences innovation and is the largest first-time fund of its kind

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Blackstone (NYSE: BX) today announced the close of Blackstone Life Sciences Yield (BXLS Yield), its inaugural royalty and structured credit-focused life sciences fund. The fund was oversubscribed and is the largest first-time fund of this nature. It closed with $1.6 billion of investor capital focused on post-approval, commercial-stage opportunities. It complements the flagship strategy of BXLS, which invests in late-stage product development. Together, the two pools of... More