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Interview

Blackstone homes in on Asia as it nears $1tn asset target: COO

President Jonathan Gray discusses headwinds in China and inflation risks

The private equity firm is wary of investments that could be subject to regulatory crackdowns by Beijing.   © Reuters

NEW YORK -- Blackstone is committed long-term to the Asia, President and Chief Operating Officer Jonathan Gray told Nikkei, outlining plans to ramp up investments in the growing region while acknowledging potential market risks that face China and the rest of the world.

The U.S. private equity firm managed $881 billion in assets as of the end of 2021. Blackstone looks to raise $150 billion across several new funds by the summer of 2023, putting it on track to hit $1 trillion in assets well ahead of its target date of 2026.

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