Blackstone launching Asian real estate fund

Blackstone Group LP is starting a new real estate fund focused on Asia as it seizes on a “golden moment” to buy and sell in the property market, its president said.

Blackstone, founded by Stephen Schwarzman and Peter Peterson in 1985, is still best-known for its private equity business, yet is now the world’s largest private real estate firm with US$53.5 billion of property assets under management.

via Business feed http://www.scmp.com/business/companies/article/1098812/blackstone-launching-asian-real-estate-fund