Finance / United States
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Blackstone Switches Into Real Estate With US$10.9bn Fund
April 2008 | Private Equity News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
With LBO financing looking as dismal as ever, The Blackstone Group seems to be expanding its investment in real estate. Blackstone, which runs the world's largest buyout fund, closed Blackstone Real Estate Partners VI with capital commitments totaling US$10.9bn. The move comes days after the private equity giant postponed fundraising for a separate US$20bn megafund until June. Blackstone's previous buyout vehicle, which raised US$21.7bn at closing last August, is believed to have either invested or committed around 70% of its