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Blackstone holds final close on 5th European real estate fund

Blackstone Group LP confirmed an earlier report that its fifth European opportunistic real estate fund drew €7.8 billion of capital commitments in its final funding round.

The raised capital, which included commitments from the private equity giant and its affiliates, makes Blackstone Real Estate Partners Europe V the largest fund focused on the European real estate sector.

The fund is already more than 20% invested or committed, according to a release.