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Blackstone has teamed up with UBS to distribute its private equity fund, the Blackstone Private Equity Strategies Fund Sicav (BXPE), aimed at wealthy investors. Launched earlier this year, the fund requires a minimum investment of $25,000 and had a net asset value of $649 million as of August. BXPE focuses on buyout, growth, secondaries, and opportunistic deals.
Investors sought to withdraw nearly $780 million from a $9.4 billion fund but received only $31 million, prompting the fund to market properties amid a challenging real estate environment. Redemption restrictions may last until mid-2025, as the sector faces a protracted recovery with varying asset valuations, particularly in the troubled office sector. Despite rising default rates, lenders are showing patience, and property values are stabilizing, especially in residential and logistics sectors, while transaction volumes remain at a decade low.
Blackstone has teamed up with UBS to distribute its private equity fund, the Blackstone Private Equity Strategies Fund Sicav (BXPE), aimed at wealthy investors. Launched earlier this year, the fund requires a minimum investment of $25,000 and had a net asset value of $649 million as of August. BXPE focuses on various investment strategies, including buyouts, growth, secondaries, and opportunistic deals.
Blackstone and Brookfield are vying for dominance in India's booming asset management sector, leveraging ties with billionaires like Mukesh Ambani. Both firms have made significant investments, with Blackstone focusing on commercial real estate and Brookfield excelling in operational efficiency. As India shifts towards renewable energy, competition intensifies, with both firms eyeing opportunities in this emerging market.
Blackstone Group - Horn Lake LLC
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