Blackstone has announced that it has closed its fourth European Real Estate Fund at its cap of €5.1 billion ($7 billion). This makes it the largest ever dedicated European Real Estate fund.
Ken Caplan, Head of European Real Estate at Blackstone, said: “We are hugely grateful to our investors for their continued support. The fact that we raised €5 billion in just six months from first to final close is testament to the ability of Blackstone’s 60-strong team dedicated to investing in European Real Estate.
Caplan says they have had “a successful 17 year track record in Europe” and they are "excited about the opportunities to continue executing investments across Europe, delivering unparalleled speed and certainty to sellers and the expertise to add value to our properties.”