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Blackstone closes biggest ever real estate fund

Asset manager Blackstone raises EUR 18.6bn for its latest real estate fund, claiming it the biggest ever of its kind.

Photo: Mary Altaffer/AP/Ritzau Scanpix/AP

On Thursday, asset manager Blackstone has announced final closure of the supposedly biggest ever real estate fund. The fund Blackstone Real Estate Partners IX, BREP IX, has USD 20.5bn, or EUR 18.6bn, in total capital commitments, the company announces in a press release.

"We are grateful to our investors for their ongoing support and look forward to putting this capital to work on their behalf," says Blackstone Real Estate Global Co-Head Kathleen McCarthy.

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