The world’s largest asset manager, Blackstone Inc (BX), announced that it has raised $8 billion for its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V. According to a Reuters report,

Blackstone (BX) closed on an $8B commercial real estate debt fund this week, matching a record for the type of vehicle and providing some optimism for a rebound in the sector, according to a media report.

Blackstone Inc. secured about $8 billion in capital commitments for a new real estate debt fund, the latest effort to seize on dislocations in the property market.

Blackstone has raised $8 billion in its most recent real estate debt fund, the world's largest alternative asset manager said on Friday, a sign that the property sector is seeing a recovery after a couple of tumultuous years.