Blackstone Sets Up New Digs In Hong Kong

Jan 17 2007 | 10:26am ET

Private equity giant The Blackstone Group has once again been bitten by the Asian p.e. bug. The firm recently announced plans to open an office in Hong Kong to expand its investment activities in the Asia-Pacific region.

Blackstone is no stranger to the Far East. In 2005, the firm established an office in Mumbai, India, to handle private equity and real estate investments. A year later it established a satellite office in Hong Kong to support its fund of hedge funds operations. While the primary focus of the new office will be sourcing and managing new private equity transactions, the office will also assist existing portfolio companies in entering or expanding in the region and providing support for Blackstone’s other businesses, according to the firm.

Blackstone will seek to invest in leading companies across industries in both emerging and developed economies throughout the region. Investments may take the form of traditional buyouts and growth equity. “We believe that significant foreign direct investment in the Chinese economy is vital to its continued growth and development and look forward to playing an integral role in that process, not only in China but throughout the Asia Pacific region,” said Stephen Schwarzman, Blackstone’s co-founder.

In addition, the firm has hired Antony Leung as a senior managing director to co-head the Hong Kong office along with Ben Jenkins, a senior managing director, who will be relocating with a team from New York.

Previously, Leung served as the financial secretary of Hong Kong from 2001 to 2003.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note