Blackstone 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 USD2.3 billion of capital commitments. This, coupled with associated commitments from Blackstone’s global buyout fund, gives the firm a minimum of USD3.8 billion of equity to invest in Asia.
Joe Baratta, Blackstone’s Global Head of Private Equity, says: “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.”
