Fund Management

Blackstone closes biggest ever real estate fund

Asset manager Blackstone raises EUR 18.6bn for its latest real estate fund, claiming it the biggest ever of its kind.
Photo: Mary Altaffer/AP/Ritzau Scanpix/AP
Photo: Mary Altaffer/AP/Ritzau Scanpix/AP
BY FREDERIK JENSEN

On Thursday, asset manager Blackstone has announced final closure of the supposedly biggest ever real estate fund. The fund Blackstone Real Estate Partners IX, BREP IX, has USD 20.5bn, or EUR 18.6bn, in total capital commitments, the company announces in a press release.

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