(AOF) – The alternative asset manager Blackstone will limit redemptions on its real estate fund, Blackstone Real Estate Income Trust, which has assets of 69 billion dollars. In a document posted on the fund’s website, it specifies that since its creation six years ago, the redemption limit has been a maximum of 2% of the net asset value over one month and 5% over one month. trimester.
However, Blackstone Real Estate Income Trust received redemption requests representing 2.7% of net asset value in October, or approximately $1.8 billion, and redemption requests exceeding the 5% threshold in the quarter.
Over the past few years, this fund has been one of Blackstone’s main growth drivers.
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