Blackstone’s Real Estate Co-Head Reveals How It Will Spend New $30B Fund
April 17, 2023 | Mike Phillips | Bisnow
Blackstone has just raised the biggest real estate fund in history. But amid the most volatile market in a generation, the big question is just how and when the world’s largest alternative asset manager will spend $30B of equity.
Blackstone Global co-Head of Real Estate Kathleen McCarthy told Bisnow where the new fund will be putting its money, and even more interestingly, where it won’t be following the final close of Blackstone Real Estate Partners X — the largest fund ever raised, not only in real estate but in private equity writ large.
