Investing
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
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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.