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Credit fundraising: managers build homes for real estate credit funds

The “largest ever real estate credit fund” was one of the fundraising highlights last month as Blackstone’s Real Estate Debt Strategies IV fund reached $8 billion on its final close. This is an almost two-fold increase on the firm’s previous fund in the series which closed at $4.5 billion in 2016.

“This fundraise reflects the significant demand for capital in the real estate debt markets,” said Jonathan Pollack, global head of Blackstone real estate debt strategies.

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