$47 Billion in Opportunistic Capital and Counting
Blackstone’s real estate platform continues to expand at breakneck speed. Together, its global, Asia, and Europe-focused opportunistic strategies now control nearly $47 billion in deployable capital, positioning the firm as a dominant player in a world teeming with investment openings.
Founded in 1991, Blackstone Real Estate manages a staggering $315 billion in investor capital. Its global portfolio stretches across every major sector and region—from logistics and data centers to hospitality, office, and residential properties—cementing its reputation as the largest owner of commercial real estate in the world.
Advisory Team Behind the Mega-Fund
The Simpson Thacher legal team advising Blackstone on this landmark deal includes fund partners Michael Wolitzer, Rony Rothken, Shannon O’Sullivan, and Lu Wang; tax partners Nancy Mehlman and Jodi Schneider; and credit partners Julia Kohen and Ashley Belton Gold.
This isn’t Blackstone’s first major real estate fundraising triumph. In April 2023, the firm set its all-time record with a $30.4 billion global real estate fund, showing that when it comes to capital, Blackstone rarely misses the mark.
With Europe’s real estate market showing early signs of a rebound, Blackstone’s seventh fund appears perfectly poised to seize emerging opportunities—turning uncertainty into strategic advantage, and once again proving that size, in the world of private equity, is not just strength, but dominance.
