Blackstone Looking to Invest 60% of its Fund in India
Investment opportunities in India have been growing at a rapid rate over past few years. This has led to major firms setting India at the heart of their investment strategy.
As per the information obtained from sources, Blackstone Group is set to invest 60% of its maiden Asia focused fund into the Indian economy.
"Blackstone plans on deploying $4 billion in Asia over next 5 years", said a person involved in the matter, requesting anonymity. About 40% of the deal fund for every deal done in Asia will be contributed by Blackstone equity fund, while the new Asia fund-BCP Asia will invest the remaining 60%.
Anuj Kapoor, MD at USB India said,
Until now, the focus of private equity interest in Asia was strongly inclined towards China, especially catering to scale of opportunity and rel...