NOVEMBER 27, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

Blackstone raises $3.67b for fourth European fund

by Andrea Waitrovich

The Blackstone Group has raised approximately $3.67 billion for Blackstone Real Estate Partners Europe IV, according to a filing with the SEC. The opportunistic fund opened for fundraising in May 2013 with a $4 billion goal. The firm aims to hold a final close in March 2015. BREP IV is targeting European investment, and much of its investment activity will be in France, Germany and the United Kingdom in CBD office, hotel industrial, logistics, multifamily and retail sectors.

A recent investor is the Texas Permanent School Fund, which approved a $75 million commitment to the fund at its Nov. 19–22 meeting.

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