– Blackstone announced the final close of Blackstone Capital Partners Asia III (BCP Asia III) at $13.1 billion.
– The fund exceeded its $10 billion target, reached its hard cap, and became Blackstone’s largest private equity fundraise in Asia.
– BCP Asia III was oversubscribed and raised more than twice the capital of its predecessor fund.
– Joe Baratta, Global Head of Blackstone Private Equity Strategies, highlighted investor confidence, the strength of Blackstone’s Asia private equity platform, and the region’s strong growth prospects.
– Amit Dixit, Head of Asia for Blackstone Private Equity, emphasized the firm’s 20-year track record of building market-leading businesses and generating investor returns.
