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Blackstone raises more than $9 billion in new Asia funds

Reuters  |  HONG KONG 

HONG KONG (Reuters) - Blackstone Group LP said it has raised about $9.4 billion in new Asia-focused funds, including its first private equity fund for the region, adding to a massive industry-wide pool of money for Asian acquisitions and investments.The U.S. private equity firm closed the Asian private equity fund at about $2.3 billion, while raising $7.1 billion for its second regional "opportunistic" real estate fund, it said in two separate statements.Investor interest in Asia-focused private equity has grown as deals have increased in size following corporate restructuring and as global ...

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First Published: Wed, June 13 2018. 10:47 IST