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National  + Finance  |  September 23, 2020
UC Increases Blackstone BREIT Stake by $500M Despite Protests
Paul Bubny
By: Paul Bubny

Blackstone Raises $8B for Largest RE Credit Fund on Record

Blackstone said Tuesday it reached final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV). The new fund has $8 billion of total capital commitments, reportedly making it the largest real estate credit fund ever raised.

In all, the Blackstone Real Estate Debt Strategies platform has $26 billion of assets under management. BREDS IV will have flexible capital to lend around the globe, and will deploy a variety of investment strategies.

Jonathan Pollack, global head of Blackstone Real Estate Debt Strategies, said, “This fundraise reflects the significant demand for capital in the real estate debt markets and the continued confidence in our business from our limited partners. The breadth and scale of our global real estate platform allow us to see a wide range of opportunities while bringing Blackstone’s expertise to every investment decision.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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