Blackstone pulls in $7.8bn for Asia real estate fund

Vehicle will invest in both residential and commercial property

20220929 Blackstone sign

People walk near Blackstone's headquarters in New York. The private equity giant is looking to invest in well-located but undermanaged properties in Asia under a "buy-fix-sell" strategy. © Reuters

PIMFHA CHAN, DealStreetAsia

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.

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