Blackstone Inc. has successfully raised $10 billion for its latest Asia-focused private equity fund and is on track to reach its $12.9 billion hard cap by early 2026, according to sources familiar with the matter told news agency Bloomberg.
The New York-based firm is targeting investments in India, Japan, and Australia, while limiting exposure to China due to ongoing economic and regulatory challenges.
The new fund, Blackstone’s third dedicated to Asia, has attracted significant interest from global investors seeking growth opportunities in the region.
The firm is expected to finalize fundraising by the first quarter of next year, with the possibility of exceeding the $12.9 billion cap depending on investor demand.
India remains a primary focus for the fund, with substantial capital allocated to the country. Blackstone has previously expressed confidence in India’s economic prospects, citing its favorable demographics and growth potential.
The firm has also expanded its presence in Southeast Asia, including plans to double its headcount in Singapore.
The success of the fundraising effort comes amid a challenging environment for private equity investments in Asia, particularly in China. Investors have become more cautious due to economic slowdown and regulatory uncertainties.
As a result, Blackstone’s strategy of focusing on markets like India and Japan reflects a shift towards more stable and promising investment destinations in the region.
With the fundraising nearing completion, Blackstone is poised to deploy capital into strategic acquisitions and investments that align with its long-term growth objectives in Asia.
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