Blackstone Announces $8.0 Billion Final Close for Latest Real Estate Debt Strategies Fund
Retrieved on:
Tuesday, September 22, 2020
Blackstone (NYSE: BX) today announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV).
Key Points:
- Blackstone (NYSE: BX) today announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV).
- Blackstone Real Estate Debt Strategies has $26 billion of assets under management, and Blackstone Real Estate has a total of $167 billion of investor capital under management as of the second quarter of 2020.
- Jonathan Pollack, Global Head of the Blackstone Real Estate Debt Strategies, said, This fundraise reflects the significant demand for capital in the real estate debt markets and the continued confidence in our business from our limited partners.
- Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).