18.08.2011 - Blackstone Group said to raise $4 bln for its latest real estate fund
Blackstone Group LP (BX), the world’s largest private-equity company, told investors it raised $4 billion for its latest real estate fund, four months after kicking off fundraising. Blackstone Real Estate Partners VII told investors in a letter yesterday that it closed on the first round of the fund’s commitments, according to a person with direct knowledge of the letter who asked not to be named because the communication was private. The New York-based firm said last month it’s aiming to raise about $10 billion for the pool..............................................Full Article: Source
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