Blackstone Eyes $2 Billion For Asia Real-Estate Fund

Dec 11 2012 | 10:29am ET

The Blackstone Group aims to raise at least $2 billion for its first real-estate fund focused on Asia.

The alternative investments giant's first foray into the space will focus on Japan, China, Australia and India. "We're now starting an Asian real-estate fund," Blackstone President Tony James said last week. "These are unique products, and they're unique products in an asset class that investors increasingly want. It's hard assets."

James added, "there is not another Pan-Asian real-estate fund in existence."

Blackstone hasn’t decided on a precise target for the new fund yet, Bloomberg News reports.

While the fund is a first for Blackstone, it is no stranger to the Asia-Pacific real-estate space. The firm took over more than $2 billion in such assets from Bank of America two years ago, and has been a major investor in properties in Australia and India.

"We have a virtually unique position, James said. "Before the meltdown in real estate, our key competitors were Goldman Sachs and Morgan Stanley, Bear Stearns, Lehman Brothers. They are all out of the business."

"I have never seen, almost or very rarely in any market do you see a huge market where it is simultaneously a great time to buy and a great time to sell. That is what real estate is today. It is a golden moment."


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.