Blackstone Inc. gathered more than $12 billion for its latest Asia-Pacific buyout fund, as the alternative investment manager bets on India, Japan and Australia to help it boost private equity returns.
The fund, Blackstone Capital Partners Asia III, exceeded its target and is expected to close in the coming weeks, according to people familiar with the matter, who requested not to be identified discussing confidential information.
Blackstone declined to comment.
The New York-based firm began marketing its latest Asia buyout fund in 2024, about two years into a private equity slowdown stemming from higher interest rates. The dearth of ...
