Simpson Thacher represented The Blackstone Group L.P. (“Blackstone”) in the establishment of its second Asian opportunistic real estate fund, Blackstone Real Estate Partners Asia II L.P. (“BREP Asia II”). Blackstone has announced that BREP Asia II has held a final close and reached its hard cap. Together with commitments from Blackstone and its affiliates, BREP Asia II has approximately $7.1 billion of capital commitments.
The Simpson Thacher team representing Blackstone included Jonathan Karen, Adam Furber, Steven Klar, Michael Ceulen, Drew Harmon, David Whelan, Michael Milano and Peter Thomas (Private Funds); Nancy Mehlman, Jodi Schneider and Brian Mendick (Tax); and Jeanne Annarumma (ERISA).