Simpson Thacher represented Blackstone in connection with the establishment of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies V (“BREDS V”). BREDS V raised approximately $8 billion of total capital commitments.
Blackstone Real Estate Debt Strategies has $77 billion of assets under management and has flexible capital to invest globally across several strategies, including global scale lending, liquid securities, structured solutions to financial institutions and corporate credit. Simpson Thacher has been involved since the inception of BREDS.
The Simpson Thacher team included Peter Gilman, Michael Wolitzer, Matthew Leighton, Nicholas Brown, Joshua Katz, Nikaury Payano, Kristie Nemoto, Michael Burnstein, Sally Yi and Spencer Mooney (Funds); Jonathan Goldstein, Jasmine Hay, Tova Pfeffer and Roberto Arza (Tax); Jennifer Levitt, Thomas Howland, Belinda Li, Hannah Barcus and Devin Montgomery (Credit); and Jeanne Annarumma and Alexander Kharash (ERISA).