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Blackstone raises more than $9 billion in new Asia funds

Updated : June 13, 2018 11:18:51 IST

Blackstone Group LP said it has raised about $9.4 billion in new Asia-focused funds, including its first private equity fund for the region, adding to a massive industry-wide pool of money for Asian acquisitions and investments.
The US private equity firm closed the Asian private equity fund at about $2.3 billion, while raising $7.1 billion for its second regional "opportunistic" real estate fund, it said in two separate statements.
Investor interest in Asia-focused private equity has grown as deals have increased in size following corporate restructuring and as global private equity funds make headway in key markets, including China, India and Japan.
Blackstone raises more than $9 billion in new Asia funds
Published : June 13, 2018 11:18 AM IST

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