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Latest News  + Alternative Assets  |  March 30, 2026
Blackstone Closes Record $6.3B Life Sciences Fund
Joe Palmisano
By: Joe Palmisano

Blackstone Closes Record $6.3B Life Sciences Fund

Blackstone has closed its oversubscribed Blackstone Life Sciences VI (BXLS VI) fund at a $6.3 billion hard cap, making it the firm’s largest life sciences-focused fund to date and nearly 40% larger than its predecessor. 

Since launching its dedicated life sciences platform in 2018, Blackstone has grown BXLS to approximately $15 billion in assets under management as of the fourth quarter of 2025. The platform has supported the development and commercialization of therapies and devices, including LEQVIO, AMVUTTRA, IMBRUVICA and the MiniMed Flex system. 

“Our partnerships with global leaders have produced 34 regulatory approvals of innovative medicines and devices,” said Nicholas Galakatos, Ph.D., Global Head of Blackstone Life Sciences. “This track record highlights how we work successfully with industry trailblazers to help bring their most important products to patients around the world.” 

Over the past 12 months, BXLS has committed nearly $2 billion in new investments, underscoring continued deployment activity. 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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