Blackstone’s head of real estate debt strategies has heralded investors for committing $8bn (£6.2bn) of capital at the final close of its latest real estate debt fund, during a “period of market dislocation”.
Blackstone Real Estate Debt Strategies V (BREDS V) invests across several strategies, including global scale lending, liquid securities, structured solutions to financial institutions and corporate credit.
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“We are extraordinarily appreciative of our investors for allocating this amount of capital during this period of market dislocation,” said Tim Johnson, global head of Blackstone real estate debt strategies.
“We could not be more enthusiastic about the opportunities ahead and with the support of the largest owner of commercial real estate as well as the largest alternative real estate credit platform in the world, BREDS V is well-positioned to deliver in this attractive vintage.”
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The alternative asset manager’s real estate debt strategies have $77bn of assets under management and over 170 staff globally.
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