Blackstone’s headquarters in Midtown Manhattan

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NEW YORK CITY–Blackstone has launched its life science investment platform with a deal to acquire Clarus, an investment firm in the space that has raised $2.6 billion since its founding. To state up front, this is not a real estate play. Yet the private equity giant’s entrance into the life sciences sector will accelerate trends that are affecting real estate–namely the strong growth of these companies, the growing likelihood they will stay independent as opposed to being acquired by Big Pharma and the growth of mid-tier life science clusters around the US.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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