BX · News · 20260923N

Private Market Demand Trends

Blackstone Inc. · 2026-09-23 · Importance 52 · Surprise 42

Blackstone has shelved a $3 billion collateralized fund obligation designed to offload aging private-equity stakes from one of its older secondary funds. The transaction was intended to provide liquidity to investors in funds as old as 20 years. Bloomberg reported that the deal was put on hold in its current form because buyers showed insufficient interest, indicating weaker demand for structured secondary exposure to legacy private-equity assets.