economy
Blackstone closes its largest Asia private equity fund at over $13 billion
Blackstone raised $13.1 billion for its latest Asia private equity vehicle, marking the largest private equity fundraise the firm has done in the region.
TL;DR
- Blackstone raised $13.1 billion for its latest Asia private equity fund, Blackstone Capital Partners Asia III.
- This fundraise exceeded its $10 billion target and is the largest PE fundraise for Blackstone in the region.
- Blackstone has invested over $7 billion in Asia over the past 24 months across 12 deals.
- Recent investments include Neysa (India), TechnoPro (Japan), and JUNO (South Korea).
- The firm has completed 15 exits in the region, including International Gemological Institute and Alinamin Pharmaceutical.
- The fundraising coincides with increased Asia-focused private capital activity.
- Despite tougher global fundraising conditions, Blackstone's control-oriented strategy and regional scale are highlighted as differentiators.