Blackstone Group LP President Hamilton James said on Monday the company has a “huge” pipeline of deals in India, and is eyeing transactions in Japan as well while a freeze remains in U.S. and European credit markets.
Blackstone has fewer, but larger deals in the works in China, James said, a sign it is moving rapidly to build up its new Asia strategy. He was speaking on the company's first quarterly earnings conference call.
James said Blackstone is targeting smaller deals – in the $50 million to $500 million range – in India to fund growth in companies through minority stakes.
Blackstone recently opened an office in Hong Kong, a move followed by the Chinese government taking a more than $3 billion stake in Blackstone's IPO in June. (Reuters)