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Blackstone closes latest real estate fund at record $13.3 bln

Posted on 11 October 2012

Blackstone Group LP closed on its most recent global real estate fund, Blackstone Real Estate Partners VII, raising $13.3 billion, the largest opportunistic real estate fund ever, the company said Wednesday.
The private equity firm raised the funding over the past 13 months from more than 250 investors globally. U.S. public pension plans, were the largest category of investors, Blackstone said………………………………………..Full Article: Source


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