Blackstone’s leaky property fund pays for a thumbs up

wsj

3 min read . Updated: 04 Jan 2023, 07:03 PM IST CAROL RYAN, The Wall Street Journal

Bloomberg

Private-equity firm’s nontraded BREIT fund receives a welcome $4 billion cash injection from the University of California

Blackstone’s flagship property fund got a boost that bosses hope will deter investors from asking for their money back. There is a catch, though:It had to agree to sweeter terms than normal.