Blackstone eyes at least $10b for new Asia PE fund, to focus on India

Blackstone eyes at least $10b for new Asia PE fund, to focus on India

FILE PHOTO: Signage is seen at the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo

Blackstone Inc, the world’s largest alternative asset manager, has started raising its third Asia-focused private equity (PE) fund, targeting at least $10 billion, two people with knowledge of the situation said.