Blackstone has raised $13.1bn for its latest Asia-focused private equity vehicle – Blackstone Capital Partners Asia III – marking the firm’s largest fundraise in the region and exceeding its $10bn target after strong investor demand.
The fund was oversubscribed and reached its hard cap, more than doubling the size of its predecessor, underscoring continued appetite for Asia-focused buyout strategies.
The firm said the fundraising reflects investor confidence in its Asia platform and its ability...
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