Blackstone closes record $13.1B Asia private equity fund
Blackstone closed its largest Asia-focused private equity fund, Capital Partners Asia III, at $13.1 billion, well above its $10 billion target. It has invested more than $7 billion across 12 Asia deals in the last 24 months (including Neysa in India, TechnoPro in Japan, and JUNO in Korea) and has 15 exits in the region as markets rebound, underscoring growing capital appetite in Asia amid tougher fundraising overall.