NEW YORK (Diya TV) — Blackstone Inc is launching its third Asia-focused private equity fund, with a target of at least $10 billion, and India remains its prime focus. The new fund aims to seize India growth opportunities and also pursue Japanese and Australian markets.
It is turning relatively low due to the slowdown in economics and regulatory hurdles. Possibly the most important reason for this new direction in India is the high growth rate of it as compared to others. The firm has already invested around $50 billion in India in the private equity and real estate sector. Japan and Australia are other priority markets, but China is not a focus for the new fund.
The firm says the $10 billion target is the continued confidence it has in Asia, after its second Asia buyout fund closed last year at $11 billion. Fundraising comes at a time when global investors increase interest in Asian markets, especially when there is economic uncertainty in China and rising tensions between the U.S. and China.
Though the investment strategy will change based on macroeconomic conditions, Blackstone remains bullish on India. “This new fund leverages trends within emerging markets to drive growth in key sectors across Asia, which happens to be the biggest focus for the new fund of Blackstone, with the largest allocation to India.”.
These efforts are a reflection of the larger trends in how private equity firms are trying to tap into the emerging opportunities in Asia, especially in India, which is gaining massive international focus on its startup ecosystems and infrastructure projects.
