Blackstone Seeking at Least $5 Billion for Second Asia Fund
- Firm targets more than double size of first Asia buyout fund
- Investors keen on region that’s recovering faster from Covid
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Blackstone Group Inc. is doubling down on Asia, seeking to raise at least $5 billion for its second private equity fund focused on the region, people familiar with the matter said.
The U.S. investment firm has started marketing the new vehicle to potential investors, according to the people, who asked not to be identified because the information is private. It’s targeting more than double the size of its first Asia buyout fund, which closed at about $2.3 billion in 2018.