Blackstone Backs Ex-TPG-Axon Executive’s New Fund With Seed Investment: Sources – U.S. News & World Report

Blackstone Backs Ex-TPG-Axon Executive’s New Fund With Seed Investment: Sources
U.S. News & World Report
Blackstone’s seeders take a 15 percent to 25 percent cut of the hedge fund’s business, people familiar with the terms said. Blackstone Alternative Asset Management, run by Tom Hill, as a unit invests some $73 billion in hedge funds through direct …

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