Fundraising - JULY 11, 2014

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

Sign in Start Your Free Trial Now View Purchase Options

Blackstone raises $4.2b for Asia fund

by Reg Clodfelter

The Blackstone Group has raised an additional $660 million since June for Blackstone Real Estate Partners Asia, its first-ever Asian exclusive fund, bringing the total capital raised to $4.19 billion, according to a filing with the SEC.

The fund has eclipsed the $4 billion goal it set when it launched in January 2013, though an official announcement of a final close has not been released and Blackstone could not be reached for comment.  There is a $5 billion hard cap.

The opportunistic fund will invest across all property types with a focus on assets in China, India, Australia and Japan. In a past presentation to an investor, Blackstone stated that, despite healthy real estate fundamentals in Asia, limited capital availability is creating favorable pricing. Additionally, Blacks

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