Yet another private equity giant shop is looking to make it even bigger in the mutual fund space. Money Management Executive previously reported on KKR & Co.’s ’40 Act initiative in July.

This time, Blackstone, which was founded in 1985 by Stephen Schwarzman and Peter Peterson and boasts some $205 billion in assets for public and corporate pension funds, academic, cultural and charitable organizations, is prepping its maiden mutual fund offering, Blackstone Alternative Multi-Manager Fund.

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