New Jersey commits $500m to Blackstone’s debut Asia real estate fund
New Jersey Division of Investment plans to commit $500 million to The Blackstone Group’s debut Asia real estate fund. The vehicle’s existence was confirmed last December when Tony James, Blackstone’s president, told a conference that it was a “golden moment” to engage in property market investment.
The fund came up for consideration at the New Jersey State Investment Council meeting last week, as part of alternative investments commitments totaling $900 million. Blackstone Real Estate Partners...
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