Blackstone has raised $8 billion for its Real Estate Debt Strategies V (BREDS V) fund and plans to deploy the capital globally.
The New York-based firm did not disclose any specific markets that it will target or who specifically it received the commitments from, but it said it has the flexibility to invest the capital "around the world." It also intends to use the funds for a range of strategies including lending, offering solutions to corporate credit and financial firms, and for liquid assets.
“We are extraordinarily appreciative of our investors for allocating this amount of capital during this period of market dislocation," Tim Johnson, global head of Blackstone Real Estate Debt Strategies, said in a statement.
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