Bloomberg reports that Billionaire John Paulson is starting another private-equity fund to invest in real estate, marking the second time this month that his money-management firm has revealed plans to raise additional assets.

Paulson & Co., which is based in New York, will seek capital for Paulson Real Estate Fund II LP as well as an offshore affiliate, according to a private-placement notice it filed with the U.S. Securities and Exchange Commission on April 22. The funds havenâ??t begun taking money from clients, according to the filing.