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.
Blackstone Creates Largest Real Estate Fund in History, Raising More Than $20 Billion
Blackstone Real Estate Partners IX Sets Sights on Global Spending Spree
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