Private equity giant Blackstone has pledged its entire equity stake in Gokaldas Exports, the country’s largest apparel exporter, to raise funds marking a rare instance in which a PF fund has resorted to this method to raise money.

Regulatory filings for the October to December period in 2011 show that the company’s foreign promoter, Blackstone FP Capital Partners Mauritius, has pledged its 68.27% stake. It did not disclose details about the funds raised.

“Blackstone’s Gokaldas’ stake is held […]