Blackstone (NYSE: BX) announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V (“BREDS V”), which has approximately $8 billion of total capital commitments.
Tim Johnson, Global Head of Blackstone Real Estate Debt Strategies, said, “We are extraordinarily appreciative of our investors for allocating this amount of capital during this period of market dislocation. We could not be more enthusiastic about the opportunities ahead and with the support of the largest owner of commercial real estate as well as the largest alternative real estate credit platform in the world, BREDS V is well-positioned to deliver in this attractive vintage.”
Blackstone Real Estate Debt Strategies has $77 billion of assets under management and over 170 professionals globally. BREDS V has flexible capital to invest around the world and is deploying capital across several strategies, including global scale lending, liquid securities, structured solutions to financial institutions and corporate credit.
