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Blackstone Boosts Europe Real Estate Fund to $8.4 Billion

Blackstone Group LP, the world’s largest alternative-asset manager, will increase the size of its latest European real estate fund by about $2 billion, seven months after completing the fundraising.

The company has secured additional commitments from investors to bring the pool to 6.6 billion euros ($8.4 billion), up from the 5.1 billion euros it amassed in March, Tony James, president and chief operating officer of Blackstone, said on a conference call with reporters today.