A spokesperson for Blackstone has confirmed to , FinanceAsia that the size of its Singapore private equity team will double in order to expand into Southeast Asia ( SEA ) in the next two years. The group had “evaluate options” across the board in SEA, including Singapore, the spokesperson added.  ,  ,
Additionally, the New York-based other asset manager has appointed Mumbai-based Aravind Krishnan, a managing director at Blackstone Private Equity, to direct Singapore’s private capital staff. Krişnan, who has been with Blackstone for 11 years, will quickly move to Singapore to help with the team’s expansion.
In a press release released on January 16, Blackstone Private Equity’s head of Asia, Amit Dixit, stated in an email that” Singapore is home to some of our most significant owners, as well as office for international and Asian firms and a gate to SEA. Our SEA private capital company will be led by Aravind, who has been with Blackstone for more than a decade. The Blackstone Singapore group now has more than 100 professionals.
Blackstone celebrated its eighth celebration in the Lion City with a recent move to a new business in Singapore. Over 100 folks work for the company overall it.
In the launch, Blackstone’s global head of personal ownership, Joe Baratta, stated,” This is a great time to be in Singapore, an important doorway to the SEA and its emerging options. Over the past ten years, we have grown more than threefold across all of our companies and forged valuable collaborations with our shareholders, the government, and businesses. Our footprints in SEA will be greatly increased by the development of our private capital business.
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