Blackstone on Tuesday announced the close of its largest real estate fund, Blackstone Real Estate Partners X, at $30.4 billion, a news release said.
Jeffrey Kauth, Blackstone spokesman, declined to comment or provide information beyond the news release, including the fund's target amount.
Blackstone has been raising the fund since 2021, according to filings with the SEC.
The latest opportunistic real estate fund surpassed its predecessor fund, Blackstone Real Estate Partners IX, which closed at $20.5 billion in 2019.
Investors in the news fund include the $306 billion California State Teachers' Retirement System, West Sacramento; $143.3 billion State of Wisconsin Investment Board, Madison; $109.3 billion North Carolina Retirement Systems, Raleigh; $98.9 billion Virginia Retirement System, Richmond; and $33.7 billion Pennsylvania State Employees' Retirement System, Harrisburg.
