Blackstone (NYSE: BX) today announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (“BREDS IV”). BREDS IV has $8.0 billion of total capital commitments, making it the largest real estate credit fund ever raised.
Blackstone Real Estate Debt Strategies has $26 billion of assets under management, and Blackstone Real Estate has a total of $167 billion of investor capital under management as of the second quarter of 2020. BREDS IV will have flexible capital to lend around the globe, and will deploy a variety of investment strategies, including lending, liquid securities, structured solutions to financial institutions, and corporate credit.
Jonathan Pollack, Global Head of the Blackstone Real Estate Debt Strategies, said, “This fundraise reflects the significant demand for capital in the real estate debt markets and the continued confidence in our business from our limited partners. The breadth and scale of our global real estate platform allow us to see a wide range of opportunities while bringing Blackstone’s expertise to every investment decision. We look forward to providing creative and comprehensive financing solutions to our borrowers.”
About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has $167 billion of investor capital under management. Blackstone is one of the largest property owners in the world, owning and operating assets across every major geography and sector, including logistics, multifamily and single-family housing, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ strategy invests in substantially stabilized real estate globally through regional open-ended funds focused on high-quality assets, and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in U.S. income-generating assets. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).
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