Blackstone Announces $8.0 Billion Final Close for Latest Real Estate Debt Strategies Fund
September 22 2020 - 8:30AM
Business Wire
Blackstone (NYSE: BX) today announced the final close of its
most recent real estate debt fund, Blackstone Real Estate Debt
Strategies IV (“BREDS IV”). BREDS IV has $8.0 billion of total
capital commitments, making it the largest real estate credit fund
ever raised.
Blackstone Real Estate Debt Strategies has $26 billion of assets
under management, and Blackstone Real Estate has a total of $167
billion of investor capital under management as of the second
quarter of 2020. BREDS IV will have flexible capital to lend around
the globe, and will deploy a variety of investment strategies,
including lending, liquid securities, structured solutions to
financial institutions, and corporate credit.
Jonathan Pollack, Global Head of the Blackstone Real Estate Debt
Strategies, said, “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. 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. We look forward to providing creative
and comprehensive financing solutions to our borrowers.”
About Blackstone Real Estate
Blackstone is a global leader in real estate investing.
Blackstone’s real estate business was founded in 1991 and has $167
billion of investor capital under management. Blackstone is one of
the largest property owners in the world, owning and operating
assets across every major geography and sector, including
logistics, multifamily and single-family housing, office,
hospitality and retail. Our opportunistic funds seek to acquire
undermanaged, well-located assets across the world. Blackstone’s
Core+ strategy invests in substantially stabilized real estate
globally through regional open-ended funds focused on high-quality
assets, and Blackstone Real Estate Income Trust, Inc. (BREIT), a
non-listed REIT that invests in U.S. income-generating assets.
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).
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Ilana Mouritzen Ilana.Mouritzen@Blackstone.com Tel: (212)
583-5776
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