Blackstone attracts 9.8 billion US Dollars for its European opportunistic real estate fund

Blackstone Real Estate Partners Europe VII, an opportunistic vehicle, received commitments of 9.8 billion euros and thus ranks as the largest European real estate fund that third-party investors raised (press release).

IPE Real Assets said that the fund of NYSE – listed Blackstone attracted the resources of Minnesota State Board of Investment (150 million US Dollars), Illinois State Universities Retirement System (50 million), New York State Common Retirement Fund (300 million), Teacher Retirement System of Texas (150 million), New Mexico State Investment Council (150 million), and other firms.

James Seppala

Blackstone opportunistic strategies Global, Asia and Europe) have resources in the region of 47 billion US Dollars. Blackstone real estate unit was born in 1991 and has aum of 315 billion.

James Seppala, Blackstone Head of European Real Estate, said: “We are proud to have raised the largest real estate fund in Europe in a period of exceptional dislocation for the sector, especially in Europe. The asset class is starting to recovery and we are grateful that our limited partners have entrusted us with substantial capital to seize opportunities through our proven high conviction investment process.” 

Check out the BeBeez Trading Floor page
and read the market commentary every Monday for receiveing the weekly update about the stock performance of Blackstone and other private capital firms listed on the world’s major stock exchanges.
To follow stock trends in real time, open a free eToro account