Blackstone Raises $10.7 Billion for European Property Fund
Blackstone has finished raising a 9.8 billion-euro ($10.7 billion) fund that will target European real estate.
The fund swells the firm’s uninvested capital for opportunistic property bets to about $30 billion just as the coronavirus roils markets worldwide. It’s also the largest private equity capital raising to complete since the pandemic’s outbreak, according to data compiled by Bloomberg.