Blackstone has raised a further $7bn (€6.3bn) for its open-ended infrastructure fund and received over half a billion euros for its European property fund.

During a fourth-quarter earnings call on Thursday, president and chief operating officer Jonathan Gray said the Blackstone Infrastructure Partners fund, which reopened fundraising in October last year, received the additional capital and had now reached $23bn. 

Blackstone Infrastructure Partners raised $14bn at its inaugural fundraising phase in 2019 half of which had been raised from the Public Investment Fund of Saudi Arabia and the remaining from third-party investors.

Blackstone has also raised €508m in total for its Blackstone European Property Income Fund. The Europe fund, which was launched last year, had previously announced a €250m first close.

The income-focused European real estate vehicle invests in a mixture of assets including logistics, knowledge centre office buildings and residential housing.

The fund recently bought a portfolio of 12 logistics and industrial assets across Europe from Macquarie Capital Principal Finance and Elite Partners Capital.

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