Global alternative-asset manager · New York, USA
Blackstone
About
Blackstone is one of the largest alternative-asset managers in the world, spanning private equity, real estate, credit, and dedicated secondaries strategies through its Strategic Partners arm.
APAC secondaries activity
Blackstone is one of the reported bidders in the process for Vietnam's MoMo, part of a broader push by global PE firms into Southeast Asian fintech as regional exit options mature.
What a transaction here looks like
In APAC secondaries a firm of this scale shows up in two distinct roles, and they are worth separating. Through its secondaries platform it buys portfolios of fund stakes and backs GP-led continuation vehicles, which is a portfolio-level transaction priced against reported net asset value. Through its direct private equity funds it buys companies outright. The name appearing in a deal report tells you little until you know which side of the house was involved.
Who sits on the other side
On the secondaries side the counterparties are institutions reshaping their private-markets exposure and managers running continuation vehicles. Transactions at this scale are large enough that a handful of them visibly move the region's annual volume statistics — worth remembering when reading a year-on-year growth figure that may rest on two or three transactions.