Blackstone’s head of actual property debt methods has heralded buyers for committing $8bn (£6.2bn) of capital on the ultimate shut of its newest actual property debt fund, throughout a “interval of market dislocation”.
Blackstone Actual Property Debt Methods V (BREDS V) invests throughout a number of methods, together with world scale lending, liquid securities, structured options to monetary establishments and company credit score.
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“We’re terribly appreciative of our buyers for allocating this quantity of capital throughout this era of market dislocation,” mentioned Tim Johnson, world head of Blackstone actual property debt methods.
“We couldn’t be extra enthusiastic in regards to the alternatives forward and with the help of the most important proprietor of economic actual property in addition to the most important different actual property credit score platform on this planet, BREDS V is well-positioned to ship on this enticing classic.”
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The choice asset supervisor’s actual property debt methods have $77bn of property underneath administration and over 170 employees globally.
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