Blackstone targets about $5bn for second Asia PE fund: Reuters

Blackstone is seeking to raise about $5 billion for its second Asia-focused private equity fund, reported Reuters.

Blackstone is seeking to raise about $5 billion for its second Asia-focused private equity fund, reported Reuters. The news wire noted that Blackstone is planning on launching the fund in the first quarter of 2021,. The new fund, like Blackstone’s first Asia private equity fund, will focus on India, Japan, Korea and Australia. Blackstone closed its first Asian private equity fund at about $2.3 billion in 2018.

Source: Reuters