Blackstone’s Global Real Estate Fund closes at $30.4B

Blackstone Real Estate Partners X closes its largest deal yet, with the $30.4B fund, which is 48% higher than 2019.

Blackstone Inc. is an American alternative investment company that is based out of New York City; they are one of the largest investors and have private equity firms that acquire a lot of private commercial business.

Blackstone’s Global Real Estate business, Blackstone Real Estate Partners X, is one of the largest real estate companies in the world, their latest endeavor resulted in an impressive 30.4 billion dollar fund. It emerged as the largest deal the private equity company has ever raised. Now, Blackstone’s Global, Asia, and Europe opportunistic strategy has a total of $50 billion in capital. This real estate fund is a drastic leap from its previous venture in 2019, resulting in a 48% rise in funds.

Speaking on the matter, global co-head of Blackstone Real Estate Ken Caplan, said, “We believe the current market is tailor-made for Blackstone Real Estate. We have made some of our best investments in periods characterized by the market volatility and dislocation we see today. Furthermore, sector selection has never been more critical as we witness the bifurcation of performance within real estate, which is favoring our high-conviction themes.”

Blackstone’s Real Estate has been involved in rental housing, hospitality, laboratory offices and logistics among others, while having also adapted to the post-pandemic surge of e-commerce and flexible work.