Blackstone has raised an aggregate of $3 billion for one of its real estate funds in the first quarter of the year, Jonathan Gray, president of the firm, disclosed in a transcript of last week’s earnings conference call.
Blackstone raised nearly $3 billion for its Blackstone Real Estate Debt Strategies IV (BREDS IV), which launched last May. The $5 billion BREDS IV will pursue property-related investments in public and private debt around the world, with a particular focus on the United States.
Earlier this month, Blackstone held a final close for its Blackstone Real Estate Partners Europe VI with €9.8 billion ($10.6 billion) in commitments, making it the largest ever dedicated European real estate fund.
