Deals
Blackstone Targets $5 Billion for Latest Real Estate Debt Fund
- New fund secures a commitment from Illinois municipal pension
- Firm’s predecessor pool exceeded its $4 billion goal in 2016
Pedestrians pass in front of Blackstone Group LP headquarters in New York.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Blackstone Group LP is seeking $5 billion for its latest fund that invests in real estate debt, according to a person familiar with the matter.
The vehicle, Blackstone Real Estate Debt Strategies IV, will focus on property-related wagers in public and private debt globally, according to an investor presentation seen by Bloomberg. The pool will have an emphasis on the U.S.