Blackstone (NYSE: BX) today announced that funds managed by Blackstone Credit & Insurance, Blackstone Tactical Opportunities, and Blackstone Real Estate Debt Strategies (“Blackstone”), have signed a definitive agreement to finance the acquisition of HSBC’s A$36 billion (US$25 billion) Australian home loan portfolio. This represents the largest home loan portfolio transaction globally, demonstrating Blackstone’s ability to deliver scaled, complex capital solutions to back leading financial institutions and critical sectors of the real economy. Dan Leiter, Head of International for Blackstone Credit & Insurance, said: “International expansion is a major priority for our private credit business. With Pepper Money providing experienced local loan management, customers can continue to receive high standards of service. It was established in 2000 as a specialist residential home loan lender in Australia, with a focus on delivering innovative home loan solutions.