Blackstone Sees Most Asia Deal Activity in Japan, India in 2024

  • India has high growth and buoyant stock market, Baratta says
  • Japan private equity deals are in pipeline after quiet spell
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Blackstone Inc. expects India and Japan to be its most active markets in Asia next year based on capital allocation, according to the firm’s head of private equity.

“India has the highest growth; it also has the most ebullient stock market,” Joe Baratta, Blackstone’s global head of private equity, said in an interview in Tokyo. “Japan will also be very interesting as a market. The economy seems to be decoupled from what’s going on in the rest of the world.”