Blackstone closes global real estate fund at $13.3b
The Blackstone Group has closed its seventh global real estate fund on $13.3 billion. Blackstone Real Estate Partners VII was launched 13 months ago, and raised capital from more than 250 global LPs.
While the largest category of investor in the vehicle is US public pension plans, China's State Administration of Foreign Exchange (SAFE) reportedly committed $500 million to the fund in July. This investment...
More on Real estate
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.