Blackstone, the largest real estate private equity firm in the world, has raised $4.89 billion for its second Asia-focused real estate fund, Blackstone Real Estate Partners Asia II, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
Blackstone Real Estate Partners Asia II launched in first quarter 2017. The fund will invest in warehouses and shopping malls in China, India, Southeast Asia and Australia.
The fund has received equity commitments from multiple investors, including the $36.2 billion Illinois Municipal Retirement Fund, the $85 billion Minnesota State Board of Investment and the
