Blackstone Prepping Asian Real Estate Investment Fund

Law360, New York (December 6, 2012, 5:10 PM EST) -- Blackstone Group LP is working on an Asian real estate investment fund, an executive said Wednesday, as the alternative asset manager looks to capitalize on a rare property market that is favorable to both buyers and sellers.

Speaking at the Goldman Sachs Financial Services Conference in Manhattan, Blackstone President and Chief Operating Officer Tony James said his firm's world-beating real estate segment was spawning a large fund that would be looking to buy and sell properties across the continent.

“Right now, we're offering an Asian real...
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