Fund manager
Blackstone.
Blackstone is a private real estate fund manager tracked by Global Real Estate Intelligence. We hold performance on 19 of its funds — vintage, net IRR and TVPI drawn from public LP and consultant disclosures, de-duplicated and traceable to source.
Funds tracked
19
Vintages
2003–2023
Median net IRR
10.0%
13 funds
Median TVPI
1.46x
19 funds
Markets: Global, Europe, U.S. National
Selected Blackstone funds
| Fund | Vintage | Net IRR | TVPI |
|---|---|---|---|
| Blackstone Real Estate Partners VII, LP | 2012 | 14.1% | 1.56x |
| Blackstone Real Estate Partners VI, LP | 2007 | 13.1% | 2.01x |
| Blackstone Real Estate Partners VIII, L.P. | 2015 | 12.1% | 1.55x |
| Blackstone Real Estate Partners IV, L.P. | 2003 | 12.0% | 1.65x |
| Blackstone Real Estate Partners V, L.P. | 2005 | 11.0% | 1.99x |
| Blackstone Real Estate Partners Europe III, L.P. | 2008 | 10.6% | 1.46x |
| Blackstone Real Estate Partners Europe IV, L.P. | 2013 | 10.0% | 1.37x |
| Blackstone RE Debt 2 | 2013 | 9.2% | 1.16x |
A summary view. The full database shows every fund, every investor behind it, the commitment and reported returns side by side, and footnotes wherever sources disagree.
Figures are extracted from public limited-partner and consultant disclosures, not GP marketing, and reconciled to one fund per row. Global Real Estate Intelligence is a neutral index; all rights in the underlying disclosures remain with their publishers.