Blackstone Closes Record $13.3B RE Opportunity Fund

Law360, New York (October 10, 2012, 2:01 PM EDT) -- New York private equity titan Blackstone Group LP announced Wednesday that it had closed its latest real estate fund with $13.3 billion in assets, making the massive investment vehicle the largest real estate opportunity fund ever.

The fund, known as Blackstone Real Estate Partners VII LP, raised the record haul in just 13 months, Blackstone said. The private equity firm secured capital commitments from more than 250 investors worldwide for the new opportunistic real estate fund.

The exact date of the fund closing was not announced....
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