Fund Management

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
Photo: RItzau Scanpix/AP/Mary Altaffer
Sabrina Willmer and Heather Perlberg/Bloomberg

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

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