Blackstone invests in Korea’s Futronic and launches Apac infrastructure platform

The alternative asset manager is backing a South Korean motion-control technology provider at a reported valuation of $676m; Blackstone has also appointed former KKR executive Ami Momaya as its first dedicated infrastructure hire in Asia Pacific.

Blackstone has agreed to make a significant investment in South Korea’s Futronic, a supplier of high-precision actuators to the automotive and industrial robotics industries, as the US investment giant increases its exposure to physical artificial intelligence (AI) and automation across Asia Pacific (Apac).

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