Fundraising - JANUARY 6, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Blackstone Group surpasses $5b in fundraising

by Andrea Waitrovich

The Blackstone Group has raised $5.5 billion for its European fund, according to a filing with the SEC. Blackstone Real Estate Partners Europe IV launched in May 2013 with a €5 billion ($6.8 billion) fundraising goal. The fund had a €2.67 billion ($3.7 billion) close in November and has an anticipated close date of March 2014.

The fund will invest in a wide variety of property types throughout Europe. It will purchase high-quality distressed properties to turn over as core properties once they have been stabilized. A

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?