April 18, 2013 / 2:26 PM / 4 years ago

BRIEF-Blackstone's Asian real estate fund crosses $1 bln mark

April 18 (Reuters) - Blackstone Group LP President Tony James in conference call with reporters: * Says sees first close in Asian real estate fund in Q2

exceeding $1 billion * Says GSO's second rescue leding fund will hit its cap of $5 billion soon * Confirms Blackstone was part of a buyout consortium that bid for Life Technologies Corp * Says begins to see a start of a resurgence in m&a * Says advisory business will never become like Goldman Sachs or JPMorgan, too many conflicts

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