Blackstone’s New $4 Billion Fund Gives India Top Billing
Almost 60% of Blackstone Group’s Asia fund is earmarked for India investments.
India lies at the heart of the world’s largest private equity firm’s investment strategy. Blackstone Group Lp will invest about 60% of its maiden $4 billion Asia-focused fund in Asia’s third largest economy, two people directly involved with the matter said.
“Blackstone plans to deploy about $4 billion in Asia over the next five years,” said one of the two people, requesting anonymity. Blackstone’s global private equity fund will contribute around 40% of the deal value for every transaction the firm does in Asia, while the new Asia fund—BCP Asia—will invest the remaining 60%, he added.