Blackstone and Goldman Sachs are looking to increase their investment presence in Asia, the companies confirmed. In a fourth-quarter conference call last week, the world’s largest alternative asset manager confirmed that it has gathered $11 billion to acquire companies in Asia following its second private-equity fund for the continent. It raised $6.4 billion and will receive $4.6 billion from Blackstone global funds. In this round of fundraising, investors were intrigued by Blackstone’s returns, its focus on sustainable investing (also known as ESG), and the company’s geographical diversification. Despite swelling inflationary risks and geopolitical concerns, the company has been expanding its footprint in the region. Its first private-equity fund was concentrated in India, while the second endeavor will situate Blackstone’s investments across Asia-Pacific. Blackstone confirmed that it is negotiating three deals in Australia, India, and Japan. It is also working on a potential agreement with a Chinese consumer firm and a …
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