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Real Estate

US Pension Fund IMRF Investing $100M In Blackstone’s Mega Asia Realty Fund

by posted 1year ago 360 views
US public pension fund, Illinois Municipal Retirement Fund (IMRF), will invest $100 million in Blackstone‘s second multi-billion Asia-focused real estate fund that may be launched this year or early next year. Asset manager Blackstone is looking to raise over $5 billion for its second region-specific realty fund after the success of its first Asia-focused property fund that had raised $5.08 billion. It is reported that Blackstone has already invested over 70 per cent from the first fund.

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