Private equity giant the Blackstone Group has closed the largest real estate opportunity fund ever, GlobeSt.com reported. The Blackstone Real Estate Partners VII fund closed at $13.3 billion; The company launched the fund in 2010 with a plan to raise just $10 billion. Blackstone’s Jonathan Gray, global head of the private equity giant’s real estate business, will now set his team to work deploying the funds. “We believe the current environment provides a highly attractive [more]
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