JUNE 14, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

Blackstone raises $1.5 billion for Asia fund

by Sara Kassabian

The Blackstone Group held a $1.5 billion first close for Blackstone Real Estate Partners Asia on June 7. The opportunistic fund is Blackstone’s first fund that focuses exclusively on Asia.

Blackstone declined to comment on fundraising activities.

Blackstone Real Estate Partners Asia launched in January 2013 with a $4 billion target fundraising goal. The fund will invest in Australia, China, India and Japan. Blackstone reportedly plans to begin investing the committed capital immediately.

In March, the $72.8 billion New Jersey Division of Investments announced it had committed $500 million to the fund. In June, the $30 billion

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy