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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.

Blackstone closes its largest Asia private equity fund at over $13 billion

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.

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