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Sign in Sign up for a FREE subscriptionBlackstone targets $5b real estate debt fund
Blackstone Group has plans to launch a $5 billion real estate fund, reported Bloomberg.
The new investment vehicle, Blackstone Real Estate Debt Strategies IV, will launch three years after the closing of Blackstone Real Estate Debt Strategies III, which exceeded its target of $4 billion.
BREDS IV will pursue property-related investments in public and private debt around the world, with a particular focus on the United States.
Recently, the $42.7 billion Illinois Municipal Retirement Fund committed $100 million to the new fund.
