Blackstone plans to step up buying in Asia after raising US$9.4bil

The New York-based alternative asset manager will have US$15bil to deploy to real estate, private equity and other opportunities in Asia once money from its global funds is included, according to Jonathan Gray, Blackstone

HONG KONG: Blackstone Group LP says it will accelerate its Asia-Pacific investments after raising a combined US$9.4bil from two funds dedicated to the region.

The New York-based alternative asset manager will have US$15bil to deploy to real estate, private equity and other opportunities in Asia once money from its global funds is included, according to Jonathan Gray, Blackstone’s president and chief operating officer.