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Blackstone Seeking at Least $5 Billion for Second Asia Fund

(Bloomberg) — Blackstone Group Inc. is seeking to raise at least $5 billion for its second Asian private equity fund, people familiar with the matter said.



a large city landscape: Shipping containers and gantry cranes at the Kwai Tsing Container Terminal in Hong Kong, China, on Wednesday, Sept. 16, 2020. Hong Kong's economy is showing the first signs of emerging from a crippling recession sparked by political unrest last year and deepened by the global pandemic.


© Bloomberg
Shipping containers and gantry cranes at the Kwai Tsing Container Terminal in Hong Kong, China, on Wednesday, Sept. 16, 2020. Hong Kong’s economy is showing the first signs of emerging from a crippling recession sparked by political unrest last year and deepened by the global pandemic.

The U.S. investment firm has started marketing the new vehicle, which is more than double the size of its first Asia fund, according to the people. The size of the fund could increase depending on the level of investor demand in the coming months, the people said, asking not to be identified because the information is private.



a large city landscape: Shipping containers and gantry cranes at the Kwai Tsing Container Terminal in Hong Kong, China, on Wednesday, Sept. 16, 2020. Hong Kong's economy is showing the first signs of emerging from a crippling recession sparked by political unrest last year and deepened by the global pandemic.


© Bloomberg
Shipping containers and gantry cranes at the Kwai Tsing Container Terminal in Hong Kong, China, on Wednesday, Sept. 16, 2020. Hong Kong’s economy is showing the first signs of emerging from a crippling recession sparked by political unrest last year and deepened by the global pandemic.

A representative for Blackstone couldn’t immediately be reached for comment.

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©2020 Bloomberg L.P.

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