Data Centers

The New York-based manager, which traditionally sourced its capital from family offices, is also shifting its deployment focus to alternative sectors.

The PERE Podcast breaks down our just-released H1 2025 fundraising report – and why it is too early to declare a rebound for the asset class.

Massive capital hauls from Blackstone masked what was otherwise a tepid capital raising environment during the first half of the year.

What was once viewed as a ‘nuts’ strategy is now accounting for a growing share of fundraising and transaction activity.

One high-level external hire is former Starwood co-head of Europe David Matheson, who previously sat on the board of ESR.

The state retirement system is trimming its target to 15%, down from 20% in 2022, as one trustee expresses a lack of comfort with the asset class.

Performance and growth across the real estate industry has been driven by continued evolution across asset types, geographies and capital sources, writes Nadeem Meghji, global co-head of Blackstone Real Estate.

In its latest sector outlook, the asset manager advises investors to forego broad allocations and take a more targeted approach.

The manager’s head of real estate for Europe reflects on the growth of international interest in the region as exemplified by the commitments to and deployment of its latest mega-fund.

Having already exceeded its $1bn target size for the Europe-focused fund, total commitments could double on final closing later this year.