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Blackstone Tees Up $11 Billion in Fresh Capital for Asia Deals

  • Blackstone almost triples fundraising in second Asia fund
  • Firm invested in $20 billion worth of Asia deals since 2018
Bloomberg business news
WATCH: Blackstone is betting big on investments in Asia. It has raised about $11 billion for its second private equity fund in the region. Su Keenan reports.Source: Bloomberg

Blackstone Inc. has amassed $11 billion to buy companies in Asia after raising its second private-equity fund for the region, nearly tripling its previous pool of capital raised in 2018.

The world’s largest alternative asset manager raised $6.4 billion and will receive an additional $4.6 billion from Blackstone global funds for the pool, said Amit Dixit, the Asia head of private equity, in an interview. Since 2018, the firm has invested in deals valued at $20 billion in Asia, half which was done last year.