Blackstone’s head of actual property debt methods has heralded traders for committing $8bn (£6.2bn) of capital on the closing 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.
Learn extra: Blackstone launches $2bn financing partnership with ITE Administration
“We’re terribly appreciative of our traders for allocating this quantity of capital throughout this era of market dislocation,” stated Tim Johnson, world head of Blackstone actual property debt methods.
“We couldn’t be extra enthusiastic concerning the alternatives forward and with the help of the biggest proprietor of economic actual property in addition to the biggest various actual property credit score platform on this planet, BREDS V is well-positioned to ship on this enticing classic.”
Learn extra: Blackstone’s non-public credit score unit returned 15.7pc final yr
The choice asset supervisor’s actual property debt methods have $77bn of belongings underneath administration and over 170 employees globally.
Learn extra: Blackstone inks C$500m ABF take care of Component Fleet Administration