BENGALURU (March 19): Blackstone Group Inc, the world's largest manager of alternative assets such as private equity and real estate, said on Friday it closed Blackstone Growth (BXG), its inaugural growth equity fund, at US$4.5 billion.

Blackstone said the fund was oversubscribed, with capital commitments from family offices, entrepreneurs, endowments, strategic institutional investors, pension funds, and high-net-worth individuals.