Blackstone has reached the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV, having raised $8bn in capital commitments.
It is the largest real estate credit fund ever raised and will be deployed around the globe through a variety of strategies, including lending, liquid securities, structured solutions to financial institutions and corporate credit.
“This fundraise reflects the significant demand for capital in the real estate debt markets and the continued confidence in our business from our limited partners,” said Jonathan Pollack, global head of Blackstone Real Estate Debt Strategies.
“The breadth and scale of our global real estate platform allow us to see a wide range of opportunities while bringing Blackstone’s expertise to every investment decision.”
As of the second quarter of 2020, Blackstone Real Estate Debt Strategies had $26bn of assets under management, while Blackstone Real Estate had a total of $167bn of investor capital under management.
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