Blackstone Capital Partners Asia closes first fund at approximately $2.3 bn

With approximately $111 billion of assets under management, Blackstone's private equity business has been a global leader since 1985

Blackstone on Wednesday announced that it has held its final close on its first Asian private equity fund, Blackstone Capital Partners Asia (BCP Asia), reaching its hard cap (including over-subscription). Together with commitments from Blackstone and its affiliates, BCP Asia has approximately $2.3 billion of capital commitments. This, coupled with associated commitments from Blackstone's global buyout fund, gives the firm a minimum of $3.8 billion of equity to invest in Asia.

Joe Baratta, Blackstone's Global Head of Private Equity, said: ‘‘We are thankful for our investors' support and believe we are well-positioned to seize the ongoing opportunities in Asia. The region