Fundraising - APRIL 1, 2015

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

Sign in Start Your Free Trial Now View Purchase Options

Blackstone mega-fund to close at a record $15.8b

by Zoe Loza

Blackstone Real Estate Partners VIII is approaching a final closing and has raised $15.8 billion, surpassing its $13 billion target, according to Reuters. An official announcement has not been released.

The closing will put BREP VIII, managed by The Blackstone Group, into the record books as the largest real estate private equity fund ever, according to IREI’s FundTracker database. The firm was able to reach its goal shortly after its October 2014 launch.

The opportunistic fund focuses on distressed, out of favor and undermanaged properties.

In just under five months, the fund has attracted investors such as the Maine Public Employees Retirement System, New Jersey Divisi

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy