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Report: Blackstone aims to raise $5B for latest real estate debt fund

May 24, 2019 - SNL Real Estate Daily

Blackstone Group LP is aiming to collect $5 billion for Blackstone Real Estate Debt Strategies IV LP, Bloomberg News reported, citing a person familiar with the matter.

The private equity giant's latest real estate debt fund will target property-related wagers in public and private debt, the news outlet noted, citing an investor presentation.

The fund, which is poised to secure up to $100 million in commitments from Illinois Municipal Retirement Fund, will focus on the U.S. market.

Blackstone spokeswoman Paula Chirhart did not comment on the matter, the report n...