The world’s largest private equity investor, Blackstone, has scored over $7.8 billion in the third instalment of its opportunistic real estate fund series, per a filing on the SEC website.
The fund juggernaut has now achieved over 86% of its $9-billion target for the Blackstone Real Estate Partners Asia III (BREP ASIA III) fund despite the ‘periodic reassertion of COVID-19’ that Jonathan Gray, president and chief operating officer at Blackstone, acknowledged in its second-quarter earnings call as an obstacle for both growth and market stability in Asia.