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Blackstone Prepares New Asia Real Estate fund of at Least $5 Billion

Blackstone Prepares New Asia Real Estate fund of at Least $5 Billion

Blackstone is preparing a Asia focused real estate fund which targets to raise $5 billion or more. The world’s largest alternative asset manager will launch the fund in the next 12 -16 months. It has already invested more than 70% of the $5.08 billion it raised in its first Asia focused property fund.

“Blackstone is preparing a Asia focused real estate fund which targets to raise $5 billion or more. “

~ Reuters

According to Blackstone’s most recent earnings report, the first Blackstone fund invested in Japanese residential real estate, office space in Australia and Chinese shopping malls has posted an internal rate of return of 17% through September 2016. It intends to increase investments in assets such as warehouses & shopping malls in China, India, Southeast Asia and Australia.

Related Reports: Reuters, Daily Mail

 

About Blackstone

Our investments are designed to preserve and grow our limited partners’ capital, provide financial security for millions of retirees, sovereign wealth funds, and other institutional and individual investors, and contribute to overall economic growth.

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. The firm was founded in 1985 by Stephen A. Schwarzman, our Chairman and Chief Executive Officer, and Peter G. Peterson, who retired as Senior Chairman in 2008.

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