(Reuters) – Blackstone Group Inc is looking for to boost at the very least $5 billion for its second personal fairness fund targeted on Asia, Bloomberg Information reported on Sunday, citing folks accustomed to the matter.
With this new automobile, Blackstone plans to greater than double the scale of its first Asia buyout fund, Bloomberg reported (https://www.bloomberg.com/information/articles/2020-11-22/blackstone-said-to-seek-at-least-5-billion-for-second-asia-fund?sref=SCAzRb9t). The corporate closed its first Asian personal fairness fund at about $2.3 billion in 2018.
Blackstone didn’t instantly reply to a Reuters’ request for remark.
The U.S. personal fairness agency has began advertising and marketing the brand new automobile to potential buyers, and it may improve the scale of its newest automobile relying on the extent of demand within the coming months, the Bloomberg report added.
(This story has been refiled so as to add lacking phrase in first paragraph)
(Reporting by Aakriti Bhalla in Bengaluru; Modifying by Lisa Shumaker)
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