Blackstone Closes Record $20.5B Real-Estate Fund

Blackstone Group Inc. has announced raising the largest-ever real estate fund of $20.5 billion to be invested in property assets around the world.

Blackstone Set to Close Record Private Equity Fund

In a move to boost purchasing power, the Blackstone Group is all set to close a $20 billion dollar private-equity real estate fund, the firm’s largest to date. The fund will essentially triple investor buying power, according to the news. Factoring the debt to equity ratio of three to one, the new Blackstone fund will

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