Blackstone Said to Seek $5 Billion for Second Asia Fund

Blackstone is expanding its Asia buyout fund, aiming to raise more than double its previous fund size due to increased interest and opportunities in the region. The COVID-19 pandemic has created new deal opportunities, and Blackstone is following other major players like KKR in raising significant capital for Asia. The region's faster recovery from the pandemic is attracting global investment interest, with deal flow expected to accelerate. Blackstone's investments focus on consumer, healthcare, and technology sectors, benefiting from shifts to online consumption and increased demand for medical services.

What is Blackstone's goal for its Asia buyout fund compared to its first fund?

• To not raise any new funds

• To raise more than double the size of the first fund

• To raise less than the first fund

• To raise the same amount as the first fund

Which company is Blackstone following in raising funds for Asia?

• Goldman Sachs

• KKR

• Morgan Stanley

• JP Morgan

Why is Asia considered an attractive market for global managers?

• Due to its declining economic growth

• Because it stands out with a faster recovery from the pandemic

• Due to its slower recovery from the pandemic

• Because of its political stability

What is expected to happen to the Asian deal flow going into 2021?

• It is expected to decline

• It is expected to remain the same

• It is expected to accelerate

• It is expected to disappear

Which industries have benefited from Blackstone's holdings during the pandemic?

• Retail and hospitality

• Agriculture and mining

• Automotive and real estate

• Consumer healthcare and technology