NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) today announced that it has held its final close on its first Asian private equity fund, Blackstone Capital Partners Asia (“BCP Asia”), reaching its hard cap. Together with commitments from Blackstone and its affiliates, BCP Asia has approximately $2.3B of capital commitments. This, coupled with associated commitments from Blackstone's global buyout fund, gives the firm a minimum of $3.8B of equity to invest in Asia.
Joe Baratta, Blackstone’s Global Head of Private Equity, said: “We are thankful for our investors’ support and believe we are well-positioned to seize the ongoing opportunities in Asia. The region continues to experience strong growth compared to other major markets, presenting compelling investment opportunities across sectors.”
About Blackstone Private Equity
With approximately $111 billion of assets under management, Blackstone’s private equity business has been a global leader since 1985. We uncover value by identifying great companies and enhancing their performance by providing strategic capital and outstanding management talent. We aim to grow stronger enterprises, create jobs, and enable our portfolio companies to build lasting value for our investors, their employees and all stakeholders.