Blackstone closes real estate fund with $10.9 billion in commitments

04/2/2008 |

The Blackstone Group announced that with nearly $11 billion in capital commitments it has closed its Blackstone Real Estate Partners VI. Blackstone has raised nine real estate funds with capital commitments totaling $25.7 billion. "(W)e believe there should be attractive investment opportunities for this capital given the market dislocation that exists today," said Jonathan Gray, senior managing director and co-head of the firm's real estate group.

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