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Blackstone raises $9.4 billion for Asia real estate, private equity funds

Reuters  |  HONG KONG 

By Sumeet Chatterjee and Julie ZhuHONG KONG (Reuters) - Blackstone Group LP said it has raised about $9.4 billion for two new funds - the largest-ever fund dedicated to real estate investments in Asia as well as its first private equity fund for the region.The funds add to a massive industry-wide pool of money for Asian acquisitions and investments, with investors attracted by rapid economic growth compared to other major markets.It raised $7.1 billion for what it called its second regional "opportunistic" real estate fund. Growing urbanisation and rising incomes, particularly in China and ...

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First Published: Wed, June 13 2018. 12:38 IST