SUMMARY
- Blackstone targets at least $10B for its third Asia-focused fund, primarily investing in India.
- Japan & Australia identified as key markets, China not prioritized in the new fund.
- Indian firms raised $154B since 2014, and 2024 H1 funding reached $5.3B, up 7% YoY.
Targeting at least $10 billion, private equity giant Blackstone has begun to raise capital for its third fund with an emphasis on Asia. The new buyout fund will deploy the majority of its capital to India, with a primary concentration on that country. China, however, would not be the new fund’s primary target market, according to Reuters.
According to people with knowledge of this situation, stated that Blackstone will focus on two more important markets which are Japan and Australia, although it is still exploring other nations including South Korea and Singapore.
The largest alternative asset manager in the world started promoting the fund in September and plans to hold its maiden close in January 2025, as per Bloomberg. This follows Minister of Commerce and Industry Piyush Goyal’s bilateral discussions with global private equity companies Warburg Pincus and Blackstone to explore investment prospects in India’s electronics and renewable energy industries.
Between 2014 and September 2024, Indian companies have raised over $154 billion in capital in just ten years. Combined, Indian companies raised $5.3 billion in funding during 2024’s first half (H1). Over the reviewed period, funding figures increased by 7% year over year (YoY).
