Friday, February 24, 2012

Blackstone raises $10 billion in 7th Real Estate Fund

The wsj reports.

Blackstone Group LP has raised more than $10 billion in less than a year for its latest real-estate fund and is looking to raise an additional $2 billion by year's end

This time around, Blackstone was able to raise the amount in less than a year—and about $4 billion since January—a faster pace than the previous fund, these people said. A second closing for the fund is expected next week.

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