Blackstone Turns to India as Global Investors Grow Cautious
- India generated the highest private-equity returns for firm
- Rout in Gautam Adani’s business empire has rattled investors
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Blackstone Inc. is seeking minority stakes in companies to capture technological advances in India, even as global investors grow cautious after a short seller report rattled the empire of one of the nation’s richest men.
“Obviously the events of the last few weeks have probably made global investors a little more cautious,” said Jonathan Gray, president and chief operating officer of the firm that manages almost $1 trillion of assets across various strategies. “I think because of all the entrepreneurship and technology strength - growth would be a natural place for us to expand.”