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Blackstone holds $8b final close for debt fund
Fundraising - SEPTEMBER 22, 2020

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Blackstone holds $8b final close for debt fund

by Andrea Zander

Blackstone has held a final close for its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV), raising $8 billion of total capital commitments, making it the largest real estate credit fund ever raised.

Blackstone Real Estate Debt Strategies has $26 billion of assets under management, and Blackstone Real Estate has a total of $167 billion of investor capital under management, as of second quarter 2020. BREDS IV will have flexible capital to lend around the globe, and will deploy a variety of investment strategies, including lending, liquid securities, structured solutions to financial institutions, and corporate credit.

Jonathan Pollack, global head of Blackstone Real Estate Debt Strategies, said, “This fundraise reflects the significant demand for capital in the real estate debt markets and the continued confidence in our business from our limited partners. The breadth and scale of our global real estate platform allow us to see a

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