Blackstone closes its largest Asia private equity fund at over $13 billion
Key points
- The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024. Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region.
- The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10 billion target, with the fund raising more than double the amount of its predecessor vehicle.
- "Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes," Joe Baratta, global head of Blackstone Private Equity Strategies, said in a statement.
- Blackstone said it has invested more than $7 billion across 12 deals in Asia over the past 24 months, reinforcing its presence in key markets including India and Japan.
- Recent investments include Indian AI cloud platform Neysa, Japanese engineering services provider TechnoPro and South Korean hair salon franchise JUNO.
Quick Summary
The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024. Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private
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Key Takeaways
- The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024.
- Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region.
- The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10 billion target, with the fund raising more than double the amount of its predecessor vehicle.
- "Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes," Joe Baratta, global head of Blackstone Private Equity Strategies, said in a statement.
- Blackstone said it has invested more than $7 billion across 12 deals in Asia over the past 24 months, reinforcing its presence in key markets including India and Japan.
📌 Source: CNBC
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