AUGUST 21, 2013

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Blackstone plans to launch fourth European fund

by Andrea Waitrovich

The Blackstone Group has plans to launch a fourth European fund with a $5 billion fundraising goal, according to reports from Bloomberg, Financial Times and Reuters.

The firm declined to comment on fundraising plans.

Blackstone’s third European fund, Blackstone Real Estate Partners Europe III (BREP Europe III), closed in 2009 with €3.1 billion ($4.1 billion), exceeding its €2.5 billion ($3.35 billion) goal.

The European opportunistic fund series typically primarily invests in the office, industrial and hotel sectors. BREP Europe III

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