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lackstone Announces Final Close of $8 Billion Real Estate Debt Fund
The company has closed its latest real estate debt fund, Blackstone Real Estate Debt Strategies V (BREDS V), with approximately $8 billion in total capital commitments. This significant investment is a testament to the trust and confidence that investors have placed in Blackstone's expertise during a period of market uncertainty.
"We are grateful for our investors' support and enthusiasm for this opportunity," said Tim Johnson, Global Head of Blackstone Real Estate Debt Strategies. "With the backing of the largest owner of commercial real estate and the largest alternative real estate credit platform globally, BREDS V is poised to deliver strong results in a favorable market."
Blackstone's real estate debt business has $77 billion in assets under management, with over 170 professionals working across the globe. The company will deploy capital through various strategies, including global scale lending, liquid securities, and structured solutions for financial institutions and corporate credit.
As a global leader in real estate investing, Blackstone manages US$315 billion in investor capital. Its real estate business has been operating since 1991 and owns and operates assets across every major geography and sector, including logistics, data centers, residential, office, and hospitality properties.
Blackstone's opportunistic funds focus on acquiring undermanaged, well-located assets worldwide, while its Core+ business invests in substantially stabilized real estate assets globally. The company also operates a leading global real estate debt business, providing comprehensive financing solutions across the capital structure and risk spectrum.
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