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Sign in Sign up for a FREE subscriptionBlackRock to launch new Asia-focused real estate fund
BlackRock Real Estate has plans to begin fundraising for its fifth Asia-focused vehicle, according to media outlets, citing people familiar with the matter.
“The size for the initial close [of Fund V] could be near the total fund size of Fund IV,” added one of the sources.
BlackRock Real Estate closed its fourth Asia-focused realty fund at $500 million in November 2017, half of its initial target of $1 billion. The fund was fully invested by early this year.