Blackstone raises record €7b for latest property debt fund

US asset management giant Blackstone has announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV). BREDS IV has $8 bn (€7 bn) of total capital commitments, almost double the amount raised for its predecessor in 2016 and making it the largest real estate credit fund ever raised.

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