TOKYO -- Blackstone Group will start taking investments from wealthy Japanese individuals as soon as next year, with plans to raise billions of dollars in three to five years, as the U.S. private equity firm diversifies funding in the country.
This marks the first time a major investment fund offers products to retail investors in Japan. Blackstone has established a dedicated unit for the business at its Tokyo office earlier this spring. Financial products will be rolled out after clearing such issues as taxes and asset reporting.
