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Blackstone edges towards $10bln equity target for new fund

Posted on 15 March 2012

US private equity giant Blackstone has raised more than $9 bn (EUR 6.9 bn) to date for its latest global fund, Blackstone Real Estate Partners VII, the follow-up fund to BREP VI, a source familiar with the raising has told PropertyEU.
This puts the private equity group on track to hit the fund’s target size of $10 bn. Blackstone Real Estate Partners VII will invest predominantly in the US and Asia, including opportunistic investments such as distressed debt………………………………………..Full Article: Source

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