-

Blackstone Announces $8 Billion Final Close for Latest Real Estate Debt Strategies Fund

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V (“BREDS V”), which has approximately $8 billion of total capital commitments.

Tim Johnson, Global Head of Blackstone Real Estate Debt Strategies, said, “We are extraordinarily appreciative of our investors for allocating this amount of capital during this period of market dislocation. We could not be more enthusiastic about the opportunities ahead and with the support of the largest owner of commercial real estate as well as the largest alternative real estate credit platform in the world, BREDS V is well-positioned to deliver in this attractive vintage.”

Blackstone Real Estate Debt Strategies has $77 billion of assets under management and over 170 professionals globally. BREDS V has flexible capital to invest around the world and is deploying capital across several strategies, including global scale lending, liquid securities, structured solutions to financial institutions and corporate credit.

About Blackstone Real Estate

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $315 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). 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).

Contacts

Ruby Wald
Ruby.Wald@Blackstone.com

Industry:

Blackstone

NYSE:BX
Release Versions
English

Contacts

Ruby Wald
Ruby.Wald@Blackstone.com

More News From Blackstone

Blackstone Digital Infrastructure Trust Announces Public Filing of Registration Statement with the SEC

NEW YORK--(BUSINESS WIRE)--Blackstone Digital Infrastructure Trust Inc., a newly organized company focused on acquiring and owning stabilized, newly-constructed data centers, announced today that it has publicly filed a registration statement on Form S-11 with the Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of its common stock. The offering is subject to market and other conditions, including effectiveness of such registration statement, and the...

Blackstone Closes Flagship Opportunistic Credit Fund at Over $10B, Hitting Hard Cap

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced the final close of Blackstone Capital Opportunities Fund V (“COF V”), with over $10 billion of investable capital. The fund was oversubscribed and closed at its hard cap. This fundraise builds on Blackstone Credit & Insurance’s (“BXCI”) 20-year track record investing through market cycles. Blackstone’s opportunistic credit strategy has generated a 13% net IRR since inception in 2007. Blackstone manages $520 billion of total as...

Blackstone Announces Top-Ranked Professional Golfer, Tommy Fleetwood, as Global Brand Ambassador

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced a new partnership with Tommy Fleetwood, world number four professional golfer. Tommy will serve as Blackstone’s first ever global brand ambassador, supporting the company’s multi-decade effort to bring its exceptional performance to private wealth investors. “Tommy Fleetwood exemplifies the qualities that define our firm and resonate with our clients—disciplined performance, fierce determination, and high ethical standards. That m...
Back to Newsroom