18.04.2013 - Blackstone takes aim at Asian real estate
Blackstone Group is upping the ante in Asia, looking to raise the largest real-estate fund ever devoted to the region at a time when economic growth there shows signs of slowing. The private-equity giant, which has become one of the world's biggest real-estate investors, plans to raise up to a $4 billion real-estate fund exclusively focused on China and other Asian markets, according to people with knowledge of the matter. The target amount for the fund, which will be Blackstone's first devoted to Asia, is twice what the firm initially indicated it intended to raise. It also would be the largest Asia property fund raised, according to data tracker Preqin.........................................Full Article: Source
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