Filed under: The Blackstone Group, Raising money, Management fees
There was an interesting communication from The Blackstone Group, L.P. (NYSE: BX) this morning and the news is out.
Blackstone announced the closing of Blackstone Real Estate Partners VI. Its total capital commitments are listed as $10.9 billion, and it noted that this now makes nine different real estate funds since inception and this is creating the largest real estate opportunity fund ever raised.
Blackstone shares are nearly 3% higher today at $16.33 in mid-day trading. While this is still a busted IPO of large proportions, Blackstone shares are more than 20% north of recent lows ($13.40).
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