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Kathleen McCarthy on Real Estate Investments

Masters in Business

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Blackstone's Real Estate Funds Through the Financial Crisis

Blackstone's funds through that period generated substantial profits. And when we got to the other side of the financial crisis, our clients really trusted us to start doing more for them than just those opportunistic funds I was talking about. So that's why, again, buying in more distressed environments definitely helpful. But all this goes back to exactly what you said. By robust properties and a good structure that can tolerate. If it survived that hurricane. Right. It became the most profitable private equity investment ever made. Is that true? That's amazing. I did not know that.

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