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Blackstone execs tout perpetual platforms, hint at 'category killer' in 2020

Jan 31, 2020 - SNL Real Estate Daily
Mergers and Acquisitions-Financial Results

The firm is raising more of its capital through perpetual vehicles, including Blackstone Real Estate Income Trust, that produce steadier earnings than traditional private equity funds, executives said on a conference call.

The Blackstone Group Inc. hopes to raise nearly $100 billion in capital in 2020, driven in part by growth in perpetual capital platforms including Blackstone Real Estate Income Trust Inc. and a direct-lending business development company, executives said.