Key Takeaways
- • Blackstone has opened a new office in Bengaluru, its second in India, which will operate as a Global Capability Center supporting corporate functions across the firm.
- • Susan Yung, Senior Managing Director in Blackstone Credit & Insurance's Investment Operations team, will oversee the new center; she has more than 25 years of financial industry experience and previously worked in Bengaluru at Goldman Sachs.
- • The office is located at Prestige Lakeshore Drive, an office park jointly owned by Blackstone Real Estate and Prestige Group.
- • Blackstone's India investment professionals will remain based in Mumbai, which stays the firm's country headquarters.
- • Blackstone manages nearly $1.4 trillion globally and says it is India's largest owner of office, retail, and logistics assets.
Summary
Blackstone has opened a new office in Bengaluru, expanding its India presence as the alternative asset manager continues to invest across the country's financial services, technology, real estate, and infrastructure sectors. The Bengaluru location is the firm's second office in India and will operate as a Global Capability Center supporting corporate functions across Blackstone. The center will bring together Blackstone employees and professional services partners to strengthen operational capabilities supporting the firm's businesses in India and globally.
Susan Yung, a Senior Managing Director within Blackstone Credit & Insurance's Investment Operations team, will oversee operations for the new center. Yung has more than 25 years of financial industry experience and previously lived in Bengaluru while working at Goldman Sachs. The office will be located at Prestige Lakeshore Drive, a recently developed office park jointly owned by Blackstone Real Estate and Prestige Group. Blackstone's investment professionals in India will continue to be based in Mumbai, which remains the firm's country headquarters.
Blackstone established its India presence roughly 20 years ago and has since become one of the country's largest global investors. The firm operates major Real Estate and Private Equity businesses in India, alongside growing Credit & Insurance and Infrastructure operations. Blackstone said it is India's largest owner of office, retail, and logistics assets. It has also played a significant role in developing India's public REIT market, helping launch five of the country's six listed REITs, including the first listed REIT. Across its businesses, the firm has taken 14 Indian companies public.
The expansion reflects Blackstone's broader strategy of building operational and technology capabilities in markets where it also holds substantial investment exposure. The firm said the Bengaluru office will help it access additional talent and technology-enabled capabilities while strengthening support for its global operations. Blackstone manages nearly $1.4 trillion in assets across real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries, and hedge funds.
Michael Chae, Vice Chairman and Chief Financial Officer of Blackstone, said the firm was proud to deepen its presence in India, describing the country as one of its most important markets globally and stating that the expansion reaffirms its long-term commitment to India.
Susan Yung, a Senior Managing Director within Blackstone Credit & Insurance's Investment Operations team, will oversee operations for the new center. Yung has more than 25 years of financial industry experience and previously lived in Bengaluru while working at Goldman Sachs. The office will be located at Prestige Lakeshore Drive, a recently developed office park jointly owned by Blackstone Real Estate and Prestige Group. Blackstone's investment professionals in India will continue to be based in Mumbai, which remains the firm's country headquarters.
Blackstone established its India presence roughly 20 years ago and has since become one of the country's largest global investors. The firm operates major Real Estate and Private Equity businesses in India, alongside growing Credit & Insurance and Infrastructure operations. Blackstone said it is India's largest owner of office, retail, and logistics assets. It has also played a significant role in developing India's public REIT market, helping launch five of the country's six listed REITs, including the first listed REIT. Across its businesses, the firm has taken 14 Indian companies public.
The expansion reflects Blackstone's broader strategy of building operational and technology capabilities in markets where it also holds substantial investment exposure. The firm said the Bengaluru office will help it access additional talent and technology-enabled capabilities while strengthening support for its global operations. Blackstone manages nearly $1.4 trillion in assets across real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries, and hedge funds.
Michael Chae, Vice Chairman and Chief Financial Officer of Blackstone, said the firm was proud to deepen its presence in India, describing the country as one of its most important markets globally and stating that the expansion reaffirms its long-term commitment to India.
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