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 billion of assets globally, has invested $7.5 billion in India since 2005. Since 2016, Blackstone has made successful exits with 2-4 times return on Indian investments. The fund will also look at investment opportunities in China, Australia, Japan and South Korea.
Investment from Blackstone’s global funds in Asia is increasing year by year, largely on the back of India. Blackstone’s main focus for investment this year will be in industrials.
