The embattled Chinese conglomerate is said to be launching a fund to target real estate and other overseas investments, raising questions about potential investors and strategy.

Among the takeaways from this year’s PERE 50 ranking is a consideration to double its size now more than 100 private equity real estate firms have raised more than $1 billion in the last five years.

A stalled $500 million commitment is just one reason why the firm’s longer-term real estate plans in the region appear unclear.