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Property

BlackRock to launch new Asia-focused real estate fund

Unit of private equity major expected to raise over $300m

KUALA LUMPUR -- BlackRock Real Estate, the property investment management arm of one of the world's biggest private equity companies BlackRock, is on the road to raise funds for its fifth Asia-focused vehicle, according to people familiar with the matter.

The industry executives, who asked not to be identified, told DealStreetAsia that BlackRock has received commitments of between $300 million and $350 million.

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