BANGKOK -- Private equity investor Blackstone has raised over $7.8 billion for the third installment of its Asian opportunistic real estate fund series, a filing with U.S. financial regulators shows.
The firm has now achieved over 86% of its $9 billion target for the Blackstone Real Estate Partners Asia III (BREP ASIA III) fund. That comes despite the "periodic reassertion of COVID-19" being an obstacle to both growth and market stability in Asia, Blackstone President and CEO Jonathan Gray said in a second-quarter earnings call.
