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2 Min Read FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid (Reuters) - Blackstone Group Inc, the world’s largest manager of alternative assets such as private equity and real estate, is seeking to raise $4 billion for a fund to invest in various asset classes, according to people familiar with the matter. It is the fourth such fund to be raised by the New York-based firm. Dubbed Blackstone Tactical Opportunities Fund IV, it will have a mandate to invest in assets that typically fall outside the scope of Blackstone’s other funds, from timber and mines to oil tankers and satellites. It can also invest in companies, either through their equity or their debt.

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