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MarketScreener Homepage  >  Equities  >  Nyse  >  The Blackstone Group Inc.    BX

THE BLACKSTONE GROUP INC.

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Blackstone seeks $5 bln for second Asia buyout fund - source

11/23/2020 | 03:11am EST

Nov 23 (Reuters) - Blackstone Group Inc is seeking to raise about $5 billion for its second private equity fund focused on Asia, according to a person familiar with the matter.

The U.S. private equity firm could also increase the size of the fund in the coming months, depending on the level of demand for it, the person said.

Blackstone plans to launch the fund in the first quarter of 2021, according to the source. The new vehicle, like Blackstone's first Asia private equity fund, will focus on India, Japan, Korea and Australia, the person added.

The company closed its first Asian private equity fund at about $2.3 billion in 2018. (https://reut.rs/395q7Rd)

Bloomberg had earlier reported on Blackstone's plan to launch a second Asia focused fund. (https://bloom.bg/3kUTVlS) (Reporting by Aakriti Bhalla in Bengaluru; additional reporting by Juby Babu; Editing by Lisa Shumaker and Shounak Dasgupta)


© Reuters 2020
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Financials (USD)
Sales 2020 5 837 M - -
Net income 2020 2 971 M - -
Net Debt 2020 6 756 M - -
P/E ratio 2020 26,4x
Yield 2020 3,25%
Capitalization 43 963 M 43 963 M -
EV / Sales 2020 8,69x
EV / Sales 2021 6,73x
Nbr of Employees 2 905
Free-Float 98,7%
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Technical analysis trends THE BLACKSTONE GROUP INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 68,00 $
Last Close Price 63,35 $
Spread / Highest target 26,3%
Spread / Average Target 7,34%
Spread / Lowest Target -8,45%
EPS Revisions
Managers and Directors
NameTitle
Stephen Allen Schwarzman Chairman & Chief Executive Officer
Jonathan D. Gray President, Chief Operating Officer & Director
Michael S. Chae Chief Financial Officer
John Stecher Chief Technology Officer
Hamilton Evans James Executive Vice Chairman & Director
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