blackstone ‘raising at least 3bn in first asia buyout fund
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Blackstone ‘raising at least $3bn in first Asia buyout fund

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleBlackstone ‘raising at least $3bn in first Asia buyout fund

Blackstone Group is seeking to raise
Hong Kong - Muslimchronicle

Blackstone Group is seeking to raise up to $3 billion in its first Pan-Asia buyout fund for investments in sectors including high-end manufacturing and health care, people familiar with the plan told Reuters.
The New York-based firm has informed its limited partners about the plan and it aims to lock in the first tranche of investment for the fund by the end of 2017, according to the people.
The size of the fund has not been finalized and could be bigger than $3 billion, one of the people said.
The fund will focus on buying controlling or significant minority stakes in sectors such as health care, high-end manufacturing and services, and the so-called consumer upgrade sector — goods and services geared to consumers who want to upgrade their lifestyles, another person familiar with the plan said.
“The fund will mainly look at China, India, Southeast Asia, Australia and Korea, and could be planning to invest in Japan as well,” this person said, adding that Blackstone’s global private equity fund will also contribute around 40 percent to the investments that the Asia fund makes.
Blackstone declined to comment.
The world’s biggest alternative asset manager, best known for its real estate investments, is the latest major private equity player tapping regional capital for buyout funds.
Last month, KKR & Co. closed a new Asia-focused buyout fund after raising $9.3 billion, a record for the region.
Buyout firm TPG Capital Management was seeking to raise more than $4 billion for an Asia-focused fund, Reuters reported last September. The firm has yet to announce the completion of the fundraising.
Eighty-three Asia-focused private equity funds have closed new fundraising so far this year, scooping up a combined $32.5 billion, nearly 80 percent of the $42.5 billion raised for all of 2016, according to data provider Preqin.
Asia-focused funds have struggled for strong returns in recent years though. Preqin data shows funds that started investing in 2014 had an 8.1 percent median net internal rate of return (IRR), and funds from the previous year had achieved a 11.1 percent median net IRR.
Returns above 20 percent are considered a reasonable return for private equity funds.
Blackstone’s previous investments in Asia were from its global funds. It most recently raised $17 billion for a global buyout fund in 2015.

source:Arab News

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

blackstone ‘raising at least 3bn in first asia buyout fund blackstone ‘raising at least 3bn in first asia buyout fund

 



Themuslimchronicle, themuslimchronicle

GMT 12:33 2017 Thursday ,20 April

Premier congratulated by Sudanese Ambassador

GMT 21:47 2017 Tuesday ,31 October

January 19 - February 17

GMT 12:17 2011 Wednesday ,27 July

N. Korea calls for peace treaty with U.S.

GMT 13:34 2012 Sunday ,29 July

Palestinian intellectual passes away

GMT 15:58 2014 Tuesday ,27 May

How to heal bones

GMT 20:40 2014 Sunday ,12 October

No plan to lift fuel, butane gas subsidies

GMT 08:29 2016 Saturday ,27 August

Turkey PM denies Syria operation singling out Kurds

GMT 14:09 2017 Wednesday ,13 September

WADA 'to clear 95 Russian athletes of doping charges'

GMT 14:59 2017 Monday ,04 September

We will not allow Iran to have a foothold in Yemen

GMT 20:17 2017 Friday ,17 March

Merkel to Meet Putin in Moscow on May 2

GMT 13:40 2011 Saturday ,25 June

Explosions rock Myanmar\'s capital city

GMT 09:12 2013 Saturday ,16 February

Dina Abdel Fattah: Promoting Egypt\'s activists

GMT 18:06 2017 Saturday ,02 September

Libya’s Sarraj appoints new military chief of staff

GMT 09:09 2016 Monday ,22 August

'Marvellous' Rio flames out

GMT 14:35 2017 Saturday ,28 October

South Sudanese president to visit Sudan

GMT 12:24 2017 Tuesday ,06 June

The online battle for General Election votes

GMT 03:33 2017 Saturday ,18 February

Mexican drug kingpin 'El Chapo' extradited to US
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle