Blackstone Redeploys Capital Amidst Favorable Market Conditions

Blackstone, a real estate private equity firm with over $1 trillion under management, has begun redeploying its capital as executives see favorable market conditions.

Kathleen McCarthy, a Blackstone Executive, has stated that with the spread on capital markets coming down and the increase in market liquidity there is opportunity and thus constitutes the deployment of firm funds. The firm raised a $30b in its opportunistic fund last year bring the total to a $65b to spend on great deals out on the market.

McCarthy stated that warehousing, rental housing, data centers, and hospitality are all strong performers for the company. Blackstone has also announced a joint venture with Digital Realty totaling at a staggering $7b. They will be building digital infrastructure across the U.S. and Europe as a result of the explosive demand for more digital infrastructure.?