US asset management giant Blackstone has announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV). BREDS IV has $8 bn (€7 bn) of total capital commitments, almost double the amount raised for its predecessor in 2016 and making it the largest real estate credit fund ever raised.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
