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Blackstone Raises More Than $9b In New Asia Funds
* Firm's fundraising comes amid slew of new capital raised in Asia (Adds fund details): HONG KONG (Reuters) - Blackstone Group LP (BX.N) said it has raised about $9.4 billion in new Asia-focused funds, including its first private equity fund for the region, adding to a massive industry-wide pool of money for Asian acquisitions and investments. The U.S. private equity firm closed the Asian private equity fund at about $2.3 billion, while raising $7.1 billion for its second regional “opportunistic” … Full investment news article
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Gateway Partners Mulls Deals For $757m Pe Fund | Cpi Financial News | Banking And Financial News,islamic Business And Finance, Commercial Banking
The firm is working on deals in Saudi Arabia, the United Arab Emirates and Egypt. : Gateway Partners Ltd., the private equity company led by former Standard Chartered Plc banker Viswanathan Shankar, plans to fully invest its first $757 million fund within the next year and is working on deals in Saudi Arabia, the United Arab Emirates and Egypt. The fund has deployed about 65 per cent of capital in 10 deals in countries such as Indonesia and Nigeria, partners … Full investment news article
Relevent to this post: Louisiana Economic Development
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