- Private equity giant Blackstone (NYSE:BX) is reportedly in advanced talks to acquire a small stake in FTV Capital, a growth-equity investment firm.
- Last year, FTV raised its seventh and largest fund at $2.3B in capital commitments with plans to invest in high-growth companies across the enterprise technology, financial services, and payments industries.
- The deal hasn't been finalized and could still fall apart, Bloomberg reported, citing a person familiar with the matter.
- Typically, the San Francisco-based firm makes investments ranging from $30M to $200M to help the target company accelerate growth. With the close of FTV VII, the company has raised $6.2B, it said in March 2022.
- FTV Capital and Blackstone (BX) did not immediately respond to a request for comment.
- Large private equity firms have been increasing their investments in alternative asset managers that are seeking to boost liquidity. For example, In October, funds managed by Apollo Global Management (APO) acquired an ~5% equity interest in Diameter, a New York-based alternative asset manager focused on global credit markets.
Recommended For You
More Trending News
See More »