Thu Oct 03 13:59:38 UTC 2024: ## Blackstone Targets $10 Billion for Third Asia-Focused Private Equity Fund
**New York, NY** – Blackstone Inc., the world’s leading alternative asset manager, has initiated fundraising for its third Asia-focused private equity (PE) fund. The investment giant aims to raise at least $10 billion for the new fund, according to two sources familiar with the matter.
This latest move underscores Blackstone’s commitment to the growing Asian market. The firm has already established a significant presence in the region with two successful previous Asia-focused PE funds. This third fund will likely focus on investments in a range of sectors, including technology, consumer, and healthcare, across key Asian markets.
Blackstone’s ambitious fundraising target reflects the increasing attractiveness of Asian markets for global investors. The region’s economic growth and rising consumer spending continue to drive investment opportunities.
The new fund is expected to attract significant interest from institutional investors, including pension funds and sovereign wealth funds, who are increasingly seeking exposure to the Asian growth story.
First Piper 