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Blackstone Creates Largest Real Estate Fund in History, Raising More Than $20 Billion

Blackstone Real Estate Partners IX Sets Sights on Global Spending Spree
Blackstone Group headquarters in New York. (Bloomberg/Getty Images)
Blackstone Group headquarters in New York. (Bloomberg/Getty Images)
CoStar News
September 12, 2019 | 3:29 P.M.

Private equity firm Blackstone Group pulled in $20.5 billion of total capital commitments, $5 billion more than its original target, to make its latest global real estate investment fund the largest of its kind ever created as investors wondering how long the record U.S. economic recovery will last look to larger, more established firms.

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