Blackstone Real Estate Partners IX’s $20.5 Billion Fundraising

Simpson Thacher represented Blackstone in the establishment of its ninth global opportunistic real estate fund, Blackstone Real Estate Partners IX L.P. (“BREP IX”).

Blackstone has announced that BREP IX closed with a record $20.5 billion in capital commitments, making it the largest real estate fund ever raised.

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has $154 billion of investor capital under management. Blackstone is one of the largest property owners in the world, owning and operating assets across every major geography and sector, including logistics, multifamily and single family housing, office, hospitality and retail.

The Simpson Thacher team included Jonathan Karen (Picture), Michael Wolitzer, James Hays, Peter Vassilev, Rony Rothken, Jordan Cross, Drew Harmon, Michael Milano, May Mansour, Peter A. Thomas, Jacob Millikin, Julia Kerr, HongDa Wang, Justin Thekkekara, John Myers, Devin Ralston and Susan Czaikowski (Funds); Brian Robbins and Jeanne Annarumma (ERISA); Nancy Mehlman, Jodi Schneider and Caroline Phillips (Tax); and Jennifer Levitt and Alexandra Joseph (Credit).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Jordan Cross – Simpson Thacher & Bartlett; Susan Czaikowski – Simpson Thacher & Bartlett; Drew Harmon – Simpson Thacher & Bartlett; James Hays – Simpson Thacher & Bartlett; Alexandra Joseph – Simpson Thacher & Bartlett; Jonathan Karen – Simpson Thacher & Bartlett; Julia Kerr – Simpson Thacher & Bartlett; Jennifer Levitt – Simpson Thacher & Bartlett; May Mansour – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Michael Milano – Simpson Thacher & Bartlett; Jacob Millikin – Simpson Thacher & Bartlett; John Myers – Simpson Thacher & Bartlett; Caroline Phillips – Simpson Thacher & Bartlett; Devin Ralston – Simpson Thacher & Bartlett; Brian Robbins – Simpson Thacher & Bartlett; Rony Rothken – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Justin Thekkekara – Simpson Thacher & Bartlett; Peter Thomas – Simpson Thacher & Bartlett; Peter Vassilev – Simpson Thacher & Bartlett; HongDa Wang – Simpson Thacher & Bartlett; Michael Wolitzer – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone;