Blackstone to Bolster Indian Investments: Plans $25 Billion Infusion Over Next Five Years
Blackstone, with $50 billion already invested in India, plans another $25 billion over 5 years. Opportunities seen in M&A and REIT markets.
BUSINESS | INVESTMENT
06 April 2024
Global private equity firm Blackstone, which has already invested $50 billion in India, plans to invest another $25 billion over the next five years. Blackstone is the world's largest alternative asset manager, with $1 trillion in AUM, and has been doing business in India for nearly two decades.
Blackstone’s President & COO, Jonathon Gray stated that India is his firm's third-biggest investment destination after the US and UK.
Amit Dixit, the firm's Asia Head for Blackstone Private Equity, stated that of the $25 billion value, $17 billion is from new investments, with the remaining $7.5 billion coming from portfolio gains. The firm will bring in $2 billion of fresh capital every year.
Gray sees opportunities for improvements in India's M&A and REIT markets.
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