Wednesday, April 12, 2023

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Blackstone Raises More Than $30 Billion for Giant Real Estate Fund

  • Asset manager closes on Blackstone Real Estate Partners X
  • Pool is Blackstone’s largest global property drawdown fund
Blackstone Secures $30B for Global Real Estate Fund
Blackstone Secures $30B for Global Real Estate Fund
Updated on

Blackstone Inc. has closed on its largest global property drawdown fund, targeting opportunistic deals across sectors such as rental housing, hospitality and data centers. 

The company secured $30.4 billion of total capital commitments for the fund, called Blackstone Real Estate Partners X, according to a statement Tuesday. Blackstone’s latest fund is the largest of that type, according to PitchBook data going back to 2002.

Private Equity’s Latest Money-Making Trade: Buying Its Own Debt

  • Advent, CD&R, Elliott boost bets in portfolio companies
  • Banks offering steep discounts to shed debt stuck on books

Top US Banks to Reveal $521 Billion Deposit Drop, Most in Decade

  • JPMorgan, Citi, Wells Fargo kick off industry reports Friday
  • Failing to address deposit level is ‘failing grade,’ Mayo says

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