The previous week has seen strikes by a number of international fund managers to ramp up their operations in Asia Pacific, as they eye alternatives arising from the area’s long-term development potential and macro developments corresponding to vitality transition, digitilisation and urbanisation.
Blackstone introduced plans on Monday Could 30 to broaden its non-public credit score enterprise in Asia with the appointment of Mark Glengarry as head of Asia Pacific Origination for Blackstone Credit score. The US asset supervisor is seeking to construct a $5 billion credit score enterprise in Asia “within the near-term”, a spokesperson informed FinanceAsia.
The agency is bullish on alternatives in what it calls “good neighborhoods” companies…
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