Friday, March 29, 2024
News, Economy, Forex, Forum


Blackstone seeks $5 billion for second Asia buyout fund: source

Blackstone Group (NYSE:BX) Inc is seeking to raise about $5 billion for its second private equity fund focused on Asia,…

By financial2020myday , in Stock Markets , at November 23, 2020

Blackstone Group (NYSE:BX) Inc is seeking to raise about $5 billion for its second private equity fund focused on Asia, according to a person familiar with the matter.

The U.S. private equity firm could also increase the size of the fund in the coming months, depending on the level of demand for it, the person said.

Blackstone plans to launch the fund in the first quarter of 2021, according to the source. The new vehicle, like Blackstone’s first Asia private equity fund, will focus on India, Japan, Korea and Australia, the person added.

The company closed its first Asian private equity fund at about $2.3 billion in 2018.

Comments


Leave a Reply


Your email address will not be published. Required fields are marked *