Blackstone reported that in the fourth quarter of 2023, it raised an additional $1 billion for Blackstone Real Estate Partners Europe VII (BREP Europe VII), which is now positioned with $5.1 billion of committed capital, and an additional $230 million for Blackstone Real Estate Debt Strategies V (BREDS V), which began investing in December.
During the quarter, Blackstone also raised an additional $1.8 billion for its fourth Infrastructure Secondaries vintage and held a final close at $2.6 billion for Strategic Partners Real Estate Fund VIII.
In 2023, Blackstone’s opportunistic real estate investments generated a -6.3 percent gross return, while its core-plus investments generated a -4.3 percent gross return. Meanwhile, its infrastructure investments yielded a gross return of 12.1 percent during 2023.
