Blackstone Sees Asia as Growth Engine as US Rate Cut Gives Boost

Blackstone Inc., one of the largest asset managers in the world, sees Asia as a “growth engine,” according to Amit Dixit, the firm’s head of private equity for the region.

“We see a lot of bright spots,” Dixit said in an interview with Bloomberg Television, adding the firm has been active in India, Japan, Australia and Southeast Asia. “We have deep local teams in each market.” The interest rate easing in the US is also helping the business globally, he said.

In India, where the firm holds about $50 billion worth of private equity investments and real ...