On 09 April, Wednesday, NYSE-listed Blackstone said that Limited Partners signed commitments worth 9.8 billion euros for Blackstone Real Estate Partners Europe VII (press release).

The vehicle 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), and New Mexico State Investment Council (150 million), IPE Real Assets reported.

Blackstone’s Global, Asia and Europe opportunistic strategies have a fire power of 47 billion US Dollars while the real estate units have resources of 315 billion US Dollars.

James Seppala, Chairman of Blackstone Europe and Head of Real Estate Europe, said: “We are extremely proud to have raised the largest property fund in Europe in a period of significant disruption for the sector. The market is showing signs of recovery, and we are grateful that our limited partners have entrusted us with substantial capital to capitalise on opportunities through our proven, high-conviction investment process.”.

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