Blackstone is considering scrapping a proposed $3bn collateralised fund obligation (CFO) that was designed to generate liquidity for investors in one of its older secondary funds, according to a report by Bloomberg citing unnamed people familiar with the matter.
The alternative asset manager has been working for several months on the transaction, which would use stakes in roughly 700 underlying investments as collateral for a package of debt securities. However, efforts to attract an investor fo...
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