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Private Sector | Maharashtra - India | PID: 202707
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Blackstone plans to add an additional USD 25 billion of Indian private equity (PE) assets over the next five years, eyeing growth and portfolio expansion.
The alternative asset management firm will focus on three themes, digital infrastructure such as data centres, energy space comprising renewables, and transport-based like airports, roads and ports. The New York-based firm is also looking to tap into export sectors and in electronic manufacturing, which is a newer area for the industrial landscape in India.
Further, Blackstone intends to bring on 20 more investment professionals to its asset management business in India and double its office space in Nariman Point in Mumbai, Maharashtra. It boasts an infusion of about USD 50 billion of private equity and real estate assets in India. The move is motivated by the regulatory and policy environment, steady economic growth and buoyant market which offers opportunity to widen its portfolio.
| Updated on: 04 - Apr - 2024
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