Blackstone, the world's largest alternative asset manager, plans to expand its private equity team in Singapore as it eyes Southeast Asian opportunities, a spokesperson confirmed.
The firm, which manages $1 trillion in assets, plans to double its private equity team to comprise six to seven professionals in the next two years. The Singapore office celebrated its 10th anniversary in November and currently has more than 100 employees across areas such as real estate, private equity, credit, hedge fund solutions, and private wealth solutions.
Aravind Krishnan, managing director at Blackstone Private Equity, will relocate to Singapore from Mumbai to lead the private equity team in a newly created position. He has been with the firm for 11 years and focuses on the technology, consumer, education, and media sectors.
The Singapore private equity team will focus on Singapore and Southeast Asia, seek opportunities on the ground and build relationships with partners and investors. The team will cover all sectors.
"Our focus on building businesses with best-in-class global practices and talent is well suited to Southeast Asia's growing economies. Singapore is home to some of our most important investors, as well as headquarters to global and Asian businesses and a gateway to Southeast Asia," Amit Dixit, head of Asia for Blackstone Private Equity, said in a statement on Jan. 16.
