Blackstone eyes $18 billion capital raise for its biggest RE fund

The private equity industry’s largest real estate investor is planning a broad replica of the strategy behind its last fund -- investing in distressed properties globally, according to informed sources. Blackstone’s previous fund drew in $15.8 billion in 2015.

Photo: RItzau Scanpix/AP/Mary Altaffer

Sabrina Willmer and Heather Perlberg/Bloomberg

Published: 20.09.18 at 13:39

Blackstone Group LP expects to raise $18 billion for its biggest real estate fund ever.

The US firm, already the private equity industry’s largest real estate investor, will have a strategy similar to its last fund, investing in distressed properties globally, according to people with knowledge of the plans. Blackstone’s prior fund gathered $15.8 billion in 2015.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

Access all locked articles
Receive our daily newsletters
Access our app

Start a free company trial today

More from AMWatch

Pensions sector responds to "unnuanced" carbon report

Tom Vile Jensen, Insurance and Pension Denmark | Foto: PR/Forsikring & Pension (IPD)

In a new report, NGO Mellemfolkeligt Samvirke criticized the pension sector for its DKK 22bn investments in fossil fuel expansion. An industry organization has now responded, saying the report ignores the complicated nature of the issue.

Former fund selector’s advisory business brings in top senior advisor

Foto: David Goldman/AP/Ritzau Scanpix, Jens Dresling, Lars Hansen/Ritzau Scanpix, Thomas Borberg.

The former Erik Penser Bank fund selector Andreas Lindström’s new venture has brought a Swedish media entrepreneur on board.

Fund managers’ net-zero path ‘irrevocably flawed,’ study finds

Foto: PIROSCHKA VAN DE WOUW/REUTERS / X06750

Most asset managers that promised to eliminate their financed emissions by 2050 have failed to submit plausible plans toward achieving that goal, according to a fresh analysis of the process.

Consultant house reaches beyond the Nordics with UK hire

Fredrik Werneman | Foto: PR / Fredrik Werneman

Swedish asset management advisor House of Reach is taking its business model outside of the Nordics.

Nordic SPAC craze is over, says Deutsche Bank's Nordic CEO

CEO of Deutsche Bank Nordics Jan Olsson. | Foto: SCC PR.

Whilst one of the first SPACs in the Nordics found its acquisition target within a few months, several others are yet to make their moves. Deutsche Bank’s CEO for Nordics Jan Olsson comments on the waning enthusiasm for the trend.

Further reading