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Blackstone raises $2b for third real estate debt fund

by Zoë Wolff

The Blackstone Group has raised $2.05 billion for its Blackstone Real Estate Debt Strategies III, according to a filing with the SEC.

The fund, which launched in October 2015, is seeking to raise $4 billion and will invest in mezzanine debt and whole loans. The debt fund has received commitments from the New Jersey Division of Investment, the Pennsylvania Public School Employees’ Retirement System, the Illinois Municipal Retirement Fund and the

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