Blackstone raises biggest ever European real estate fund

0
10

real estate_lrgPrivate equity major Blackstone has raised its largest European real estate fund.

The New York-based firm has closed its fourth European real estate fund on its €5.1bn ($7bn) hard cap.

Blackstone’s real estate business currently has $79bn of capital under management.

Head of European real estate at Blackstone said, “The fact that we raised €5 billion in just six months from first to final close is testament to the ability of Blackstone’s 60-strong team dedicated to investing in European Real Estate.

“We have a successful 17 year track record in Europe and are excited about the opportunities to continue executing investments across Europe, delivering unparalleled speed and certainty to sellers and the expertise to add value to our properties.”

Copyright © 2014 AltAssets