Buyout shop Blackstone Group will begin fundraising this year for its next real estate fund, which could reach as high as $10 billion, Reuters reported. The firm raised $10 billion for a similar fund in 2008. That fund, Blackstone Real Estate Partners VI, is about 70 percent invested, Reuters reported.
(Reuters) - Private equity firm Blackstone Group (BX.N) said it expects to start fundraising this year for its next real estate fund, which could be about the same size as its $10 billion 2008 fund.
Blackstone, sitting on about $30 billion of capital to invest, has been active in buying U.S. commercial real estate such as hotels, retail property and warehouse space from distressed owners and others who need cash.
The company is unusual in its peer group of private equ...
January 31st, 2011 at 10:48 pm
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