**Blackstone Closes Fifth Real Estate Debt Fund at $8 Billion**
Blackstone has announced the final close of its latest real estate debt fund, Blackstone Real Estate Debt Strategies V (BREDS V), securing approximately $8 billion in total capital commitments. This follows its predecessor, BREDS IV, which closed in September 2020 with a similar level of commitments.
Blackstone Real Estate Debt Strategies currently manages $77 billion in assets and employs more than 170 professionals worldwide. BREDS V has flexible capital to invest globally and is deploying funds across multiple strategies, including large-scale lending, liquid securities, structured solutions for financial institutions, and corporate credit.
“We are extraordinarily appreciative of our investors for allocating this amount of capital during this period of market dislocation,” said Tim Johnson, global head of Blackstone Real Estate Debt Strategies. “We could not be more enthusiastic about the opportunities ahead, and with the support of the largest owner of commercial real estate as well as the largest alternative real estate credit platform in the world, BREDS V is well-positioned to deliver in this attractive vintage.”
