Key Points
With India offering the highest private equity returns worldwide for Blackstone, favourable fundamentals young population of 1.4 billion, most number of engineers and the government paving the way for the next decade of growth with reforms like GST, bankruptcy laws, real estate investment trusts or REITs (Blackstone is the sponsor of 3 of the 4 publicly listed REITs), the momentum is clearly building for India, said a senior executive of the firm..
India is already the 3rd largest market for equity investments after US, UK...
As a firm, the company believes in staying away from passive capital investments but taking larger stakes, preferably controlling, and partner with management teams across investment opportunities in tech services to commercial real estate to financial services to build businesses from ground up and create value in the process, said Amit Dixit, Head of Asia, Blackstone..
Blackstones assets under management crossed the $1 trillion mark in 2023, and the firm became the first of its peers to earn a spot in the S&P 500 index.. Grays increased deal appetite when there is still macro uncertainty comes at a time when the firm posted mixed fourth-quarter earnings that reflect the fragile state of financial markets, particularly in leveraged private buyouts, a forte of the group...
While predicting a ramp up in 2024, even when deal activity was slow last year, the firm inked a number of transactions worldwide during 2023 including the acquisitions of utility company in Indiana, software company Energy Exemplar in the US, dog walking app Rover and a large portfolio of bank loans from US regulators, the commercial realty loan portfolio of the former Signature Bank, teamed up with Digital Realty to develop $7 billion in data centres and bought two multi-billion dollar companies in Europe..
