Blackstone ready to close record property fund, writes Bloomberg

New York-based Blackstone is close to raising USD 20 billion in its latest property fund which is its largest ever.

The Blackstone Group is ready to close its largest property fund ever. | Photo: Ritzau Scanpix/AP/Mary Altaffer.

New York-based property investor Blackstone, which also operates in Denmark, is close to reaching the target for its largest property fund to date after raising nearly USD 20 billion, writes Bloomberg, having previously named a figure of USD 18 million.

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