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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch