Blackstone’s Asian fund nears $4b fundraising goal
The Blackstone Group raises an additional $405.5 million for its first Asian exclusive fund, according to a filing with the SEC. This is two months after the firm announced it had raised $3 billion, nine months after Blackstone Real Estate Partners Asia launched. The firm aims to raise $4 billion by the end of the year.
The opportunistic fund will invest primarily in China, India, Australia and Japan and will invest across all property types.
Recent investors include the New Mexico State investment Council, which committed $50 million, the