Key Takeaways
- • Blackstone plans to double its India investments to $100 billion over the next five years, up from $50 billion, according to President Jon Gray in an interview with CNBC-TV18.
- • The expansion targets real estate, infrastructure, credit, financial services, and emerging opportunities in AI-linked data centres, cloud infrastructure and computing capacity.
- • Existing real estate holdings in logistics, hotels and shopping centres are performing well, per Gray.
- • Blackstone has completed 14 IPOs in India and sponsored five of the country's six publicly listed REITs, underscoring its reliance on India's capital markets for exits.
- • Gray conditioned the opportunity on continued economic growth and policies that give foreign investors certainty and clarity.
Summary
Blackstone plans to double its investments in India to $100 billion over the next five years, up from $50 billion, according to an interview with CNBC-TV18 with Blackstone President Jon Gray. The global alternative asset manager intends to expand across real estate, infrastructure, financial services and other sectors, with the firm's stated strategy tied to India's growth prospects and capital market opportunities.
Real estate remains a central pillar of the India portfolio. Gray said existing investments in logistics, hotels and shopping centres are performing well. The firm also plans to expand in infrastructure and credit, while exploring growth equity and private equity opportunities. CNBC-TV18 reported that Blackstone is also examining artificial intelligence-linked opportunities, including data centres, cloud infrastructure and computing capacity.
Gray attributed the firm's long-term interest in India to its expanding middle class, infrastructure development and technological capabilities. He stressed that clear and stable policies are needed to attract foreign investors, saying, "As long as the economy continues to grow, and the government continues to support that growth with policies that give foreign investors certainty and clarity, I think the opportunity set will grow."
India's capital markets also serve as an exit route for private equity. Gray said Blackstone has completed 14 initial public offerings in India and has sponsored five of the country's six publicly listed real estate investment trusts. The planned increase comes as Blackstone seeks to deploy capital in businesses and assets that can benefit from India's rising demand for goods, services and infrastructure.
Real estate remains a central pillar of the India portfolio. Gray said existing investments in logistics, hotels and shopping centres are performing well. The firm also plans to expand in infrastructure and credit, while exploring growth equity and private equity opportunities. CNBC-TV18 reported that Blackstone is also examining artificial intelligence-linked opportunities, including data centres, cloud infrastructure and computing capacity.
Gray attributed the firm's long-term interest in India to its expanding middle class, infrastructure development and technological capabilities. He stressed that clear and stable policies are needed to attract foreign investors, saying, "As long as the economy continues to grow, and the government continues to support that growth with policies that give foreign investors certainty and clarity, I think the opportunity set will grow."
India's capital markets also serve as an exit route for private equity. Gray said Blackstone has completed 14 initial public offerings in India and has sponsored five of the country's six publicly listed real estate investment trusts. The planned increase comes as Blackstone seeks to deploy capital in businesses and assets that can benefit from India's rising demand for goods, services and infrastructure.
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