Blackstone is raising capital for its seventh European opportunistic real estate vehicle, Blackstone Real Estate Partners Europe VII, underscoring an established franchise in this strategy.
The fund raised EUR 9.8 billion (US$10.6 billion) of total capital commitments.
Blackstone said the raise makes BREP Europe VII the largest European real estate drawdown fund ever raised based on third party capital commitments, a notable record for the platform.