Key Takeaways
- • Blackstone announced the opening of its second office in India, a global capability center (GCC) in Bengaluru, located at Prestige Lakeshore Drive in Bellandur, east Bengaluru.
- • Susan Yung, senior managing director in the Blackstone Credit & Insurance (BXCI) Investment operations team, will oversee operations for the new GCC.
- • Blackstone's investment professionals will remain based in Mumbai, the firm's India headquarters, according to the company statement.
- • Michael Chae, vice chairman and chief financial officer of Blackstone, said the expansion "reaffirms our long-term commitment to India."
- • Blackstone, with nearly $1.4 trillion in assets under management, is India's largest owner of office, retail, and logistics assets and has helped launch five of the country's six listed REITs.
Summary
Private equity firm Blackstone announced the opening of its second office in India, expanding into Bengaluru, which the firm describes as one of its priority markets. The office sits at Prestige Lakeshore Drive in Bellandur, east Bengaluru, a recently developed office park jointly owned by Blackstone Real Estate and Prestige Group that also houses several other leading global finance and technology firms, according to the company's statement as reported by VCCircle.
The new global capability center will consolidate Blackstone's employees and professional services partnerships across corporate functions. Susan Yung, a senior managing director in the BXCI Investment operations team, will oversee the GCC. Yung previously lived in Bengaluru while working at Goldman Sachs. Blackstone's investment professionals will remain in Mumbai, the firm's India headquarters.
Michael Chae, vice chairman and chief financial officer, said the expansion "reaffirms our long-term commitment to India, where we have become one of the most prominent global investors over the past two decades." Blackstone said it was among the first global investors to establish a presence in India 20 years ago and has since become one of the country's largest investors. Its India business spans leading real estate and private equity franchises, alongside growing credit, insurance and infrastructure operations.
The firm is India's largest owner of office, retail, and logistics assets and has helped launch five of the country's six listed REITs, including the first. Blackstone is one of the world's largest alternative asset managers, with nearly $1.4 trillion in assets under management across real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds.
The new global capability center will consolidate Blackstone's employees and professional services partnerships across corporate functions. Susan Yung, a senior managing director in the BXCI Investment operations team, will oversee the GCC. Yung previously lived in Bengaluru while working at Goldman Sachs. Blackstone's investment professionals will remain in Mumbai, the firm's India headquarters.
Michael Chae, vice chairman and chief financial officer, said the expansion "reaffirms our long-term commitment to India, where we have become one of the most prominent global investors over the past two decades." Blackstone said it was among the first global investors to establish a presence in India 20 years ago and has since become one of the country's largest investors. Its India business spans leading real estate and private equity franchises, alongside growing credit, insurance and infrastructure operations.
The firm is India's largest owner of office, retail, and logistics assets and has helped launch five of the country's six listed REITs, including the first. Blackstone is one of the world's largest alternative asset managers, with nearly $1.4 trillion in assets under management across real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds.
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