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Blackstone launching Asian real estate fund

Posted on 06 December 2012

Blackstone Group LP is starting a new real estate fund focused on Asia as it seizes on a “golden moment” to buy and sell in the property market, its president said on Wednesday.
Blackstone, founded by Stephen Schwarzman and Peter Peterson in 1985, is still best-known for its private equity business, yet is now the world’s largest private real estate firm with $53.5 billion of property assets under management………………………………………..Full Article: Source

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