Key Takeaways
- • Blackstone has opened a new global capability center in Bengaluru, expanding its operational footprint in India, according to Business Line as reported by Venture Intelligence News.
- • The Bengaluru center will support the firm's global operations in private wealth, credit, and insurance functions.
- • The firm's investment team will remain in its existing India headquarters in Mumbai.
- • Blackstone manages over USD 50 billion of assets under management in India, per the source article.
- • The firm has helped launch five of India's six listed real estate investment trusts and taken 14 portfolio companies public in India.
Summary
New York-based Blackstone has expanded its presence in India by opening a new global capability center in Bengaluru, according to a report from Business Line that was republished by Venture Intelligence News. The office is located on a campus shared with several other global finance and technology firms.
The center is designed to support the firm's global operations, with a specific focus on functions including private wealth, credit, and insurance. The investment team will continue to operate from the firm's existing India headquarters in Mumbai, meaning the Bengaluru facility is a support and operations hub rather than an investment base.
The move comes as Blackstone holds more than USD 50 billion of assets under management in India, according to the source article. The firm is a significant owner of office, retail, and logistics properties in the country and has been instrumental in launching five of India's six listed real estate investment trusts. It has also taken 14 portfolio companies public in India.
The center is designed to support the firm's global operations, with a specific focus on functions including private wealth, credit, and insurance. The investment team will continue to operate from the firm's existing India headquarters in Mumbai, meaning the Bengaluru facility is a support and operations hub rather than an investment base.
The move comes as Blackstone holds more than USD 50 billion of assets under management in India, according to the source article. The firm is a significant owner of office, retail, and logistics properties in the country and has been instrumental in launching five of India's six listed real estate investment trusts. It has also taken 14 portfolio companies public in India.
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