Blackstone raises funds for real estate fund

12/31/2013 | InvestmentNews (free registration)

The Blackstone Group is fundraising for the Blackstone Real Estate Income Fund II, a nontraded real estate mutual fund, according to a regulatory filing. The fund's shares will not be subject to a sales load, instead having an ongoing 12(b)-1 fee, 1.5% expense ratio and 15% performance fee.

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