Blackstone raises $11b for second Asia-focused private equity fund

Blackstone raises $11b for second Asia-focused private equity fund

Blackstone Group LP headquarters stands in New York, U.S., on Friday, April 14, 2017. Photograph: Victor J. Blue/Bloomberg

Alternative asset manager Blackstone has closed its second Asia-focused private equity fund at $11 billion.

The development, first reported by Bloomberg, was confirmed by a Blackstone spokesperson to DealStreetAsia.

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