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.