Blackstone (BX) is expecting to raise at least $3 billion for a fund that will take stakes in other asset managers' real estate vehicles, Bloomberg reported Wednesday, citing unnamed people familiar with the matter.
The fund aims to acquire stakes in the vehicles at a discount to their net asset values and will look to invest mostly in funds with data centers, rental housing and industrial assets in their portfolios, the sources told the news outlet.
Blackstone didn't immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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