(Tiper Stock Exchange) – Blackstonethe US giant of private equity and real estate investments, today announced the final closing of its latest global real estate fundBlackstone Real Estate Partners X (BREP X). BREP X has $30.4 billion in total capital commitments, making it the largest real estate or private equity drawdown fund.
The Blackstone’s real estate business was founded in 1991 and manages $326 billion in invested capital. In total, Blackstone’s three opportunistic strategies (Global, Asia, Europe) now have capital commitments of $50 billion.
“We believe the current market is tailor-made for Blackstone Real Estate – commented Ken Caplan, global co-head of Blackstone Real Estate – We have made some of our best investments in periods characterized by market volatility and dislocation we see today.”
“Also, the Selection in the industry has never been more critical as we see performance bifurcation within the real estate sector, which is benefiting our high-conviction themes,” he added.
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