February 1, 2016
Blackstone (NYSE:BX) has reportedly deployed a record $32-billion into new investments in 2015. Boasting a massive pool of $80-billion in dry powder capital, the NY-based investment firm is expected to continue as one of CRE’s most active investors in 2016.
Blackstone met challenges and volatility by outperforming global markets by a “wide margin last year,” returning $43 billion to fund investors and generating record distributable earnings ($3.8-billion), said Stephen A. Schwarzman, chairman and chief executive officer.
Blackstone’s real estate global platform investment highlights:
- $20.8-billion of realizations, $21.5-billion capital invested or committed and $26.5-billion capital raised (all records)
- Investment pace accelerated to $7.8 billion in fourth quarter
- Appreciation in opportunistic and core+ funds up 9.7 percent and 19.1 percent for year, respectively
- Over past two years, real estate has returned over $40-billion of capital to investors