Preqin's London headquartersLONDON–In its earnings call earlier this month Blackstone CEO Stephen Schwarzman confirmed that it is set on raising funds for its next Blackstone Real Estate Partners Fund in the next several months. “We expect our fundraising super cycle to bring the firm's total AUM above the $500 billion milestone, likely in the first half of next year,” Schwarzman said.
As it does, the giant and prolific private equity player will be entering an environment of falling deal flow, if current trends continue.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
