Blackstone targets $3bn for real estate secondaries fund
Wednesday, November 11, 2026 · first reported by Private Equity Wire and 4 others
Blackstone Strategic Partners, the firm's secondaries business, is expected to raise at least $3B in its latest fundraising, according to anonymous sources cited by Bloomberg. Proceeds would go toward buying stakes in core real estate, priced below net asset value. Most of the capital would be channelled to funds holding data centers, rental housing and industrial property. The sources spoke anonymously because the effort is not public. Blackstone declined to comment to Bloomberg. Strategic Partners closed its prior round in November 2023 with $2.6B of commitments.
- Firm
- Blackstone
- Also named
- Strategic Partners
- Size
- $3B
- Stage
- Target
- Asset class
- Secondaries, Real estate
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Coverage
5 sources- Private Equity WireBlackstone targets $3bn for real estate secondaries fund
- MoomooMarket Chatter: Blackstone Looks to Raise $3 Billion For Fund Taking Stakes in Real Estate Vehicles
- BloombergBlackstone Aims to Raise $3 Billion for Real Estate Secondaries
- BisnowBlackstone Targets $3B Fundraise For Real Estate Secondaries
- marketscreener.comBlackstone Looks to Raise $3 Billion For Fund Taking Stakes in Real Estate Vehicles
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