Blackstone Closes European Lending Fund as Strategy Reaches €13B -

Asset management firm Blackstone has raised €13 billion for its European lending strategy, according to a Law360 UK report. The capital is directed toward lending to middle- and upper-middle-market borrowers across Europe, a segment where private lenders have increasingly filled financing gaps left by traditional banks.

The close underscores strong demand for private credit across the bloc. Law360 UK characterized the raise as evidence of broad investor interest in the asset class, though the original article could not be retrieved in full, so details such as the fund's name, final close timing, investor composition, and target return profile are not confirmed in the available material.

For institutional allocators and private credit managers, the fundraise reinforces Blackstone's position as one of the largest participants in European direct lending and suggests continued competition for mid-market deal flow in the region.