The funds add to a massive industry-wide pool of money for Asian acquisitions and investments, with investors attracted by rapid economic growth compared to other major markets. Growing urbanization and rising incomes, particularly in China and India, have boosted investor appetite for shopping malls, warehouses and other property assets.

The portfolio includes hotel, office, retail and industrial properties in the United States, Europe, Asia and Latin America. Roughly two-thirds of the private equity fund, as well as the contribution from its global fund, will be used to invest in China and India, said one person with direct knowledge of the matter, declining to be identified as details of the investment plans were not made public.

The fund will focus on buying controlling or significant minority stakes in sectors such as healthcare, high-end manufacturing and services, as well as goods and services geared to consumers who want to upgrade their lifestyles, people familiar with the plan told Reuters last year.

Blackstone, whose previous private equity investments in Asia were from its global funds, did not immediately respond to a request for comment on its capital deployment plans. Asia private equity deals have increased in size following corporate restructuring and as global funds become more established players in key markets such as China, India and Japan. Rival Carlyle Group CG. N raised fresh capital. Discover Thomson Reuters. Directory of sites.

Blackstone raising at least $3 billion in first Asia PE fund: sources

United States. Business News. Sumeet ChatterjeeJulie Zhu.Blackstone is a global leader in real estate investing. Its real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America.

It also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust. Anderson Blackstone. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better.

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blackstone asia fund

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blackstone asia fund

The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.Stephen A.

Schwarzman is an active philanthropist with a history of supporting education, as well as culture and the arts, among other things. In both business and philanthropy, Mr. Schwarzman has dedicated himself to tackling big problems with transformative solutions.

InMr. Kennedy Center for the Performing Arts. Schwarzman is one of the only Americans to receive both awards recognizing significant contributions to France. Schwarzman holds a B. Follow Mr. He sits on its Management Committee and most of its investment committees. He joined Blackstone in Gray currently serves as Chairman of the Board of Hilton Worldwide. He also serves on the board of Harlem Village Academies. Executive Vice Chairman. Prior to joining Blackstone inMr. The first edition was published in Chief Financial Officer.

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Chief Legal Officer. Before joining Blackstone, Mr. He is also a guest lecturer at Harvard Law School. Global Head of Public Affairs and Marketing. She oversees Blackstone's public relations, branding, marketing and internal communications functions and advises on government affairs. Before joining Blackstone inMs. Before working in state government, Ms. During the U. Global Head of Private Equity. SinceMr. Baratta also worked at Morgan Stanley in its mergers and acquisitions department.

Jeffrey C. Hooke: "The Myth of Private Equity" - Talks at Google

Baratta graduated magna cum laude from Georgetown University. Global Head of Government Affairs. He manages political and legislative risk for the firm and its portfolio companies, overseeing a global team of political risk specialists. Berman was Vice Chairman of Ogilvy and Mather. Previously, Mr. Bush and confirmed by the U.

In addition, Mr. Berman has had an extensive career in the insurance brokerage business. Global Head of Tactical Opportunities.Until now, it had been investing in Asia from its global buyout funds.

The latest funds add to a growing pool of money for buyouts and investments in the continent as PE interest in Asia has grown and deal sizes have increased in recent years.

Blackstone has, in the past, deployed nearly half the capital earmarked for Asia in India, VCCircle reported previously.

blackstone asia fund

Blackstone is believed to have pitched the Asia fund on the back of its successful exits from India, VCCircle said in an analysis of the PE firm in October last year. Log in Keep me signed in.

Get New Password. Home Finance Finance. Photo Credit: Reuters. Blackstone Group LP. The Carlyle Group. Leave Your Comment s. Top Stories Editor's Pick Finance. Fund Scan: Can Kedaara Capital stay the course as coronavirus shakes portfolio firms? How apparel and textile firms aim to cope with coronavirus fallout.

Paragon Partners-backed Chai Point takes another sip of venture debt. PE-backed pathology chains get a shot in the arm as SC tweaks virus testing order. Retail inflation drops in March as coronavirus hits demand.

Lending platform Capital Float bags fresh funding from existing investors. Mauritian regulator takes over bank set up by BanyanTree PE founder. Sequoia leads Series A funding in agri-tech startup DeHaat. Tweets by vccircle.The world's biggest alternative asset manager will likely launch the fund in the next months, the people said.

New York-based Blackstone intends to boost investments in assets such as warehouses and shopping malls in China, India, Southeast Asia and Australia, one of the people said.

Global investors have shown robust appetite for shopping malls, warehouses and other property assets in Asia as they have sought the relative safety and stable returns of real estate, buoyed by growing urbanization and rising incomes in its two most populous countries of China and India. But when commenting on the fundraising outlook for in the company's third quarter earnings conference call, Blackstone's Chief Financial Officer Michael Chae said there were "significant" fundraises coming up next year, including a possible new Asia fund.

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The people declined to be named because details of the new Asia fund aren't yet public. The new fund could exceed the first one in size. The first Blackstone fund invested in Japanese residential real estate, office space in Australia and Chinese shopping malls, posting an internal rate of return of 17 percent through Septemberaccording to Blackstone's most recent earnings report.

In China, the company has a joint venture with developer China Vanke for logistics investments. Blackstone is also one of the largest owners of office space in India. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services. All Rights Reserved. Data also provided by. Skip Navigation. Markets Pre-Markets U. Customers and realtors look at building models at an exhibition in Jiashan in East China.

Related Tags. News Tips Got a confidential news tip? We want to hear from you. Get In Touch. CNBC Newsletters. Market Data Terms of Use and Disclaimers.The region continues to experience strong growth compared to other major markets, presenting compelling investment opportunities across sectors. We uncover value by identifying great companies and enhancing their performance by providing strategic capital and outstanding management talent. We aim to grow stronger enterprises, create jobs, and enable our portfolio companies to build lasting value for our investors, their employees and all stakeholders.

Anderson Blackstone. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Please click on the link "Learn More" if you would like more information about the cookies used on this website and how to change your cookie settings.

Otherwise, we will assume you're OK to continue. For office-specific contact information, please visit our offices page. For investor relations contact information or to receive email notifications for SEC filings, events, end of day stock quotes, and financial reports, please visit our Investor Relations page.

For press inquiries, contact pressinquiries blackstone. Toggle navigation. Contact Information and Consent Request Blackstone Cookie Policy This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Quick Links. Get in Touch.

blackstone asia fund

Careers Our Offices Contact Us. Stay up-to-date Email Alerts To receive email alerts from Blackstone, sign up below. Company name. Job title. Market commentary from Byron Wien and Joe Zidle. Press releases.

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