Reuters: Private Equity: Blackstone nears $13-bln real estate fund target-sources

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Blackstone nears $13-bln real estate fund target-sources Jun 29th 2012, 17:12 NEW YORK, June 29 | Fri Jun 29, 2012 1:12pm EDT NEW YORK, June 29 (Reuters) - Blackstone Group LP has raised more than $12 billion for its latest real estate fund, putting it within reach of its $13-billion fundraising target, two people familiar with the matter said on Friday. Blackstone declined to comment. The fund, Blackstone Real Estate Partners VII, is the largest buyout fund by capital targeted globally, according to market research firm Preqin.

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