BREP IX x BNP Paribas Wealth Management

Learn more about Blackstone Real Estate Partners IX’s strategy through a discussion between our expert in Private Real Estate and a Managing Director of Blackstone Real Estate.



In a nutshell

Jean-Michel Beghin
Extended Screen I BNP Paribas Wealth Management

1.    BREP IX, at the end of Q3 2021
    •     $21.3bn (fund size)
    •     67% of the fund is invested and/or committed
    •     Due to a strong identified pipeline, the end of the investment period should be during 2022
    •     36% net IRR*

2.    Sector allocation
    •     52% invested in logistics (due to an increase in e-commerce)
    •     19% invested in residential (with a strong exposure to student housing in the UK)
    •     11% invested in hotels (with the Extended Stay in America deal)
    •     18% invested in other real estate asset classes (e.g. offices)

3.    Geographical allocation
    •     77% invested in the US
    •     23% invested in Europe and Asia

• Past performance is not a reliable indicator of future performance. No guarantee is given on the success, profitability, return or benefit of this investment.

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This video is communicated by the Wealth Management métier of BNP Paribas SA, supervised and authorized as a bank by the European Central Bank (“ECB”), and in France by the French “Autorité de Contrôle Prudentiel et de Résolution” (“ACPR”) and regulated by the French “Autorité des Marchés Financiers” (“AMF”) (hereinafter “BNP Paribas”).

Blackstone Real Estate Partners IX (Lux) SCSp is a Luxembourg “Société en Commandite Spéciale” (a special Limited partnership). Its General Partner is Blackstone Real Estate Associates IX (Lux) S.a.r.l, a Luxembourg “Société à Responsabilité Limitée” (a private limited liability company) established and registered in Luxembourg. The Alternative Investment Fund Manager is Blackstone Europe Fund Management S.a.r.l., a private limited liability company (“Société à Responsabilité Limitée”) incorporated under the laws of the Grand Duchy of Luxembourg, as authorized by the CSSF.

PrivAccess IX Real Estate Global 9 is a compartment of PrivAccess IX SICAV RAIF SCA (hereinafter “PrivAccess IX REG 9“), a Luxembourg investment company with variable capital, structured under the form of a Multi-Compartment Reserved Alternative Investment Fund, registered as a corporate partnership limited by shares, notified with the CSSF. It is managed by its general partner: PrivAccess General Partner S.a.r.l and Global General Partner SA, which is an Alternative Investment Fund Manager authorised by the Luxembourg CSSF, has been appointed to manage PrivAccess IX REG 9.

This video is confidential and intended solely for the use of the persons to whom it has been delivered and must not be distributed, published or reproduced in whole or in part nor may it be quoted or referred to in any document/video without the prior consent of BNP Paribas.

This video is provided solely for the purpose of providing general information and shall not constitute an offer a solicitation or investment advice nor may it form the basis of or be relied upon in connection with any subscription or commitment. In addition, this video and its contents may under no circumstances be construed as an advertisement, inducement or recommendation of any kind or form whatsoever.

Although, the information provided herein may have been obtained from Blackstone Real Estate Partners IX, sources considered to be reliable and while all reasonable care has been taken in the preparation of this video, BNP Paribas does not make any representation or warranty, express or implied as to its accuracy or completeness and does not accept responsibility for any inaccuracy, error or omission nor any liability for the use of or reliance on this video or any part of the information contained herein.

Past performance is not a reliable indicator of future performance. BNP Paribas does not give any warranty, guarantee or representation as to the expected or projected success, profitability, return, performance, result, effect, consequence or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of any security.

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