Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10 billion target, with the fund raising more than double the amount of its predecessor vehicle. "Asia Pacific is the fastest-growing region in the world, presenting co...
Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10 billion target, with the fund raising more than double the amount of its predecessor vehicle. "Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes," Joe Baratta, global head of Blackstone Private Equity Strategies, said in a statement. Blackstone said it has invested more than $7 billion across 12 deals in Asia over the past 24 months, reinforcing its presence in key markets including India and Japan. Recent investments include Indian AI cloud platform Neysa, Japanese engineering services provider TechnoPro and South Korean hair salon franchise JUNO. The firm has also had 15 exits in the region as public markets recover, including the listings of International Gemological Institute and Aadhar Housing Finance in India, as well as the exit of Japan's Alinamin Pharmaceutical. The fundraising comes amid a boost in Asia-focused private capital activity, and follows EQT's recent $15.6 billion Asia buyout fund raise . Amit Dixit, Blackstone's head of Asia private equity, said the firm's "control-oriented strategy" and regional scale has helped differentiate its investment approach. The private equity industry has been grappling with tougher fundraising conditions amid elevated interest rates and geopolitical uncertainty, with capital raised by Asia-focused funds falling last year to the lowest level in more than a decade, according to Bain & Company . Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Posidonia 2026, one of the world's largest international shipping exhibitions, opened in Athens, Greece, on June 1. Photo: Yue Yue/Caixin (Athens, Greece) — As passage through the Strait of Hormuz remains blocked, leaving some 20,000 sailors trapped in the Persian Gulf, the global shipping industry is sounding the alarm over the rising threat to energy transport and supply-chain stability. The cri...
Posidonia 2026, one of the world's largest international shipping exhibitions, opened in Athens, Greece, on June 1. Photo: Yue Yue/Caixin (Athens, Greece) — As passage through the Strait of Hormuz remains blocked, leaving some 20,000 sailors trapped in the Persian Gulf, the global shipping industry is sounding the alarm over the rising threat to energy transport and supply-chain stability. The crisis took center stage at Posidonia 2026, one of the world’s largest maritime exhibitions, which opened on Monday.
As Hong Kong sent its first astronaut into space, leading industry experts at the Global Prosperity Summit 2026 (GPS 2026) said the city was well positioned to be a facilitator of aerospace development by tapping into emerging opportunities in the aerospace economy and contributing its professional services expertise to this burgeoning field. Just days before it was announced that Hong Kong’s Lai ...
As Hong Kong sent its first astronaut into space, leading industry experts at the Global Prosperity Summit 2026 (GPS 2026) said the city was well positioned to be a facilitator of aerospace development by tapping into emerging opportunities in the aerospace economy and contributing its professional services expertise to this burgeoning field. Just days before it was announced that Hong Kong’s Lai Ka-ying would join the Shenzhou-23 mission to China’s Tiangong space station, experts who spoke at...
Iran Has Dug Out More Missile Tunnels Than Previously Thought: Satellite Analysis During the current but tenuous ceasefire, Iran has successfully managed to excavate multiple key sites tied to its missile program that were previously bombarded by the American-Israeli warplanes during the initial five weeks of Operation Epic Fury. While the revelation is not exactly new, a fresh CNN report has conf...
Iran Has Dug Out More Missile Tunnels Than Previously Thought: Satellite Analysis During the current but tenuous ceasefire, Iran has successfully managed to excavate multiple key sites tied to its missile program that were previously bombarded by the American-Israeli warplanes during the initial five weeks of Operation Epic Fury. While the revelation is not exactly new, a fresh CNN report has confirmed through recent satellite imagery that more missile tunnels have been dug out than previously thought. Tehran utilized basic construction equipment to dig out several missile launchers and reopen subterranean tunnels tied to its missile program. The visual analysis determined that Iran was able to successfully clear the entrances to 50 out of 69 targeted tunnels, alongside 18 distinct missile production sites . "Iran has repaired other parts of the bases as well, including roads that the US and Israel bombed to prevent missile launchers from using them," CNN wrote. "Satellite images show almost all these craters have now been filled, and at two sites, even repaved." CNN/Airbus: A satellite image of an underground missile base near Khomeyn, Iran, shows at least 10 construction vehicles working to clear a tunnel entrance on April 15, 2026. This assessment heavily mirrors a series of leaked intelligence reports that have surfaced over the past month. CNN underscored that the US intelligence community currently estimates that Iran still has over 75% of its missile launchers fully available , and there's been a constant production of drones ongoing throughout the ceasefire. Sam Lair, a research associate at the James Martin Center for Nonproliferation Studies who analyzes told the outlet that "There’s nothing to prevent the launchers from being armed with the ample stockpile of missiles that the Iranians still have." He sought to highlight the limits of American firepower, in terms of damage, and given that it hasn't been sustained : “The US military is good at delivering t...