Blackstone has secured more than $7.8 billion for its Blackstone Real Estate Partners Asia III, moving closer to its $9 billion fundraising target, according to a recent filing with the SEC.
The fund will invest in warehouses and shopping malls in China, India, Southeast Asia and Australia.
Blackstone Real Estate Partners Asia III has received a number of commitments from U.S. pension funds, most recently from the New Mexico State Investment Council and Virginia Retirement System.
