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Blackstone invests $300m in hedge fund Brigade Capital

Blackstone invests $300m in hedge fund Brigade Capital

FILE PHOTO: Signage is seen at the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo

Hedge fund Brigade Capital is receiving a $300 million investment from Blackstone to help build its new private credit strategy and expand its collateralized loan obligations (CLO) platform, two people familiar with the matter said.

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