BlackStone provides a value of 200 million euros to finance the bow in the UK

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Blackstone Group provided a guarantee on the returns to attract a large cash pump to a real estate box that limits withdrawals amid heavy recovery requests for the second time in less than three years.

In March, Blackstone gave a special guarantee of 200 million euros to a large Asian investor to win an investment of one billion euros in the evergreen real estate fund in Europe, according to securities and people familiar with the matter.

The arrangement is similar to a controversial deal with University of California To manage a flood of extracts in 2022.

The New York -based private capital giant provided an annual return of 9.25 percent during 2030, supported by 200 million euros of its assets to lure the investment in the European Real Estate Revenue Fund in Blackstone, which has suffered heavy but heavy recovery and has limited withdrawals in recent years, according to the companies.

Money has been used to buy a 50 percent stake in 5000 Railways arches in the United Kingdom From TT Group for 630 million euros, giving the largest collection of the private capital in the world to brick arches below the railway lines in London. Blackstone and TT Group bought the real estate of national rail for 1.5 billion pounds in 2019.

Blackstone has struck the promise of the unusual return because its green money throughout Europe has little money for new investments because it faces continuous high recovery requests, according to the people who have been informed of this.

But Blackstone believes that the opportunity to buy a railway bow with less than the price that it paid for another 50 percent, and the size of the commitment was worth providing special incentives, according to the people who were informed of this issue.

People said that the investment of 1 billion euros has allocated 300 million euros of cash for BEPIF, which owns about 625 million euros in net assets, to make new investments, and to convert the fund that is incorporated into a buyer, while Blackston believes European real estate markets with less than its value.

“This deal reinforces our ownership in Archco with an attractive evaluation, with us with a large capital of publication in an environment rich in opportunities for European real estate, and benefits from all shareholders,” Blackston said in a statement.

BlackStone recently collected a record 9.8 billion euros for the leading European real estate fund.

But the deal presents Blackstone’s private funds to danger and controversy by granting special incentives to some of its investors only.

It is similar to a large and controversial investment of $ 4.5 billion received from BlackStone from University of California Three years ago, a crisis of real estate income in the pioneering Blackstone, Brett, has been invalidated, where he suffered from a wave of extracts.

In this deal, Blackston pledged $ 1.1 billion wide The shares against the promise that the Fund will return 11.25 percent annually until January 2028. The promise helped to attract billions of dollars in new investments to Breit while other investors were withdrawing the money, which raised the risk that the fund would need to sell fire in firefighting operations to meet the clouds.

Many BlackStone followers and dealing boxes have criticized the deal as providing unusual conditions for one investor. Other investors in Breit do not have any assets that support their returns.

But they believe that the deal helped Blackstone manage one of the largest crises in its nearly 40 -year history.

Since the University of California’s investment, the Breit recovery operations have almost disappeared and the fund has no longer restrictions on investors who seek to go out. Blackstone also collects regular management fees on the University of California.

But Breit’s performance was launched after a series of almost large gains. She lost her money in 2023 and only a return of 1.95 percent in 2024, although it still has achieved 9.4 percent of annual revenues since 2017.

This means that the risk of BlackStone in the end delivery of Breit shares to the University of California has increased significantly.

As of March 31, BlackStone has registered a billion dollar commitment to the University of California, according to the files of securities. Accounting input indicates that unless Breit’s revenues do not improve in the coming years, it may be forced to hand over all the assets she has pledged to promise to return to the University of California.