Blackstone's New Asia Fund to Invest $2.4 Billion in India

New York City-based Blackstone Group L.P. will invest 60% of its maiden $4 billion Asia-focused fund—BCP Asia—in India. Blackstone’s global private equity fund will contribute around 40% of the deal value for every transaction the firm does in Asia, while BCP Asia will invest the balance. Blackstone, which manages $430...

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