Asset Managers · Private equity

Blackstone fund accepts less than one third of redemptions

Blackstone's BREIT owns 8 Spruce Street is a 76-story skyscraper designed by architect Frank Gehry in the Financial District of Manhattan, New York City, NY USA. Photo by Matt Walter via Flickr CC-BY-2.0

The Blackstone Real Estate Income Trust, one of the world’s largest property investment funds, in April accepted 29 per cent of 4.5 billion dollars worth in redemption requests. The fund told investors on Monday that it decided to fulfil 1.3 billion, less than a third, of these requests to sell.

Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.

A subscription is free for professionals working at banks and independent asset managers.