Blackstone Seeks More Than $10 Billion in New Asia Buyout Fund

Blackstone Inc. plans to raise more than $10 billion in its third Asia private equity fund as the firm ramps up deployment in Japan and India, people familiar with the matter said.

The New York-based money manager started marketing the fund in mid-September and plans to have a first closing in January, the people said, asking not to be identified because the matter is not public. The firm is eyeing a pool on par with the $11 billion it raised in 2022.

The mega fund plan comes on the heels of an aggressive raise by EQT AG, which is in ...