Blackstone raises over $5b for second Asia PE fund, eyes bigger property fund

Global alternative asset manager Blackstone has raised $5.24 billion so far for its second Asia private equity fund and has begun raising a third real estate fund for the region, it said during a Q2 2021 earnings call last week.

Blackstone expects to hit the $6.4 billion hard cap for its second Asia PE vehicle, “which is nearly three times the previous fund,” said president and COO Jonathan Gray during the call.

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