Picture courtesy of Tumisu through Pixabay.com
The Blackstone Group has closed Blackstone Actual Property Companions X, a $30.4 billion funding car representing the most important actual property or non-public fairness drawdown fund ever raised, the corporate stated on Tuesday.
Personal fairness big Blackstone now has $50 billion of capital commitments throughout its three opportunistic methods—International, Asia and Europe. Blackstone’s actual property funds have delivered a 16 p.c internet IRR on greater than $100 billion funding over the previous three many years.
Blackstone Actual Property, which has leaned again from belongings going through headwinds, like conventional workplace and malls, is roughly 80 p.c concentrated in rental housing, hospitality, lab workplace, logistics and knowledge facilities.
Sector choice is more and more crucial inside actual property as that market bifurcates, Ken Caplan world co-head of Blackstone Actual Property, stated in an announcement.
