(Reuters) – U.S. personal fairness agency Blackstone Group Inc mentioned on Wednesday it has raised the most important ever actual property fund, amassing $20.5 billion to be invested in property property all over the world.

Giant buyout corporations similar to Blackstone have been attracting lots of capital from traders in search of larger returns not obtainable in public markets.

The capital able to be deployed has swollen to over $2 trillion, based on knowledge supplier Prequin, driving up asset costs and deal making exercise.

Blackstone mentioned in an announcement the fund, named Blackstone Actual Property Companions IX (BREP IX), has already made its first funding: the acquisition…

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