Blackstone raises $1.9 bn for Asia core-plus real estate funds
01 Jun 2020
The Blackstone Group Inc has raised a total of almost $1.9 bn for a set of Asia-focussed real estate funds, as it continues to grow its pile of capital to make property investments in the region.
The world’s biggest manager of alternative assets scooped up the capital for five so-called core-plus real estate funds, according to filings with the US Securities and Exchange Commission.
It mobilised $1.367 bn for Blackstone Property Partners Asia and the remaining for four feeder funds, the filings show. Blackstone Property Partners funds are part of the PE firm’s core-plus real estate investment strategies. These funds differ from the real estate opportunistic funds housed under Blackstone Real Estate Partners.
The PE firm also raises debt funds and exchange-traded funds for real estate investments.
Contact: Amit Jain, Senior Managing Director, Blackstone Group Inc.
Address: Express Towers,Nariman Point, Mumbai-400 021.
Tel: 022-6752 8500.
E-mail: amit.jain@blackstone.com
Website: www.blackstone.com
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