Publications

Fundraising - FEBRUARY 7, 2018

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Blackstone exceeds fundraising target for Asia-focused fund

by Jody Barhanovich

Blackstone, the largest real estate private equity firm in the world, has exceeded its fundraising target for its most recent Asia-focused real estate fund. The firm did not comment on its fundraising efforts. It is unknown if this is a final close.

Blackstone has raised $5.51 billion for Blackstone Real Estate Partners Asia II, exceeding its $5 billion fundraising target, according to a filing with the SEC. The fund launched in first quarter 2017 and will invest in warehouses and shopping malls in China, India, Southeast Asia and Australia. Blackstone’s real estate platform encompasses investments across the risk spectrum from opportunistic to core-plus to debt.

Throughout its fundraising period, the vehicle has received equity commitments from multiple investors, including the $36.2 billion Illinois Municipal Retirement Fund, the $85 billion Minnesota Stat

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.