Blackstone sees bright spot in commercial real estate debt with record $8B fund raise
The titanic alternative assets giant's latest move will help bridge a gap between lenders and still-challenged property owners, says debt strategies head. Global alternatives giant Blackstone is reasserting its dominance in the private market space with a record fundraising in commercial real estate debt. Blackstone has finalized an $8 billion commercial real estate debt fund, marking the largest of its kind and signaling renewed investor interest in the property market, according to the Wall Street Journal. The fund, which took about two years to raise, will be active across North...