From The Real Deal · TRD Staff · · 40s
Blackstone seeks $3B for real estate secondaries fund
Blackstone aims to raise $3 billion for real estate secondaries fund amid leadership changes.
In brief
Blackstone aims to raise $3 billion for real estate secondaries fund amid leadership changes. Blackstone seeks $3 billion for a real estate secondaries fund as it navigates leadership turnover in its real estate division. Originally reported by The Real Deal.
Blackstone's fundraising plan
Blackstone seeks to raise at least $3 billion for a real estate secondaries fund.
Secondaries market context
The secondaries market involves buying and selling existing stakes in private capital funds.
Leadership changes
Nadeem Meghji and Kathleen McCarthy left Blackstone's real estate division within nine months.
The short version
Blackstone seeks $3 billion for a real estate secondaries fund as it navigates leadership turnover in its real estate division.
