Blackstone ‘super cycles’ towards $500bn AUM

Blackstone is heading into a “fundraising super cycle” as it prepares to launch its next global real estate fund, the asset management giant said in its second-quarter results.

Stephen Schwarzman, chairman and chief executive of Blackstone, told investors that the firm will begin raising its flagship private equity and real estate funds “in the next several months”.

Blackstone’s previous real estate fund, BREP VIII, raised $15.8bn (£12.1bn) in 2015 in what was the largest ever private real estate fund. BREP IX, the upcoming fund in the series, is likely to be at least as large as its