New York City-based private equity firm Blackstone Group LP and Bangalore-based developer Embassy Property Development Private Limited raised $682.5 million from India’s first public offering of a real estate investment trust (REIT). This REIT’s portfolio comprised 33 million sq. ft. of office space across eleven office parks and buildings, as...
Blackstone Raises $9 Billion in 2 Asia Funds
Joining peers such as KKR & Co., and The Carlyle Group, New York-based asset manager Blackstone Group LP raised $9.4 billion in two Asia-focused funds. The company hit the final close on its first Asian private equity fund at $2.3 billion, and its second regional real estate fund at $7.1...
India's Central Bank Allows Bank Investments in REITs, InvITs
India's central bank, The Reserve Bank of India, will allow banks which are currently allowed to invest as much as 20% of their net-owned funds in equity-linked mutual funds, venture capital funds and stocks, to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). The central bank...