blackstone

The UK bank said the sale was part of its "simplification" strategy and follows the sale of its life insurance business in Singapore to Allianz and Indonesian retail book to OCBC; Blackstone described the deal as "the largest home loan portfolio transaction globally".

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.

The Taiwan-listed fibre optic and data cable manufacturer will buy the Singapore-headquartered ICT business using cash and Citi financing to strengthen its data centre infrastructure capabilities amid surging AI demand.

As the Japanese insurer expands investments in alternative assets, Blackstone will provide investment management services to Japan’s largest private asset owner across private credit and real estate.

The US investment giant exceeded its $10bn target after an active 24 months of deals in the region, especially in India and Japan.

Blackstone has bought 9.9% of India’s Federal Bank and a stake in India’s Ace Insurance Brokers.

The partnership, known as GLIDE, is targeting $5bn of high-quality warehouses across the Middle East; it's expected that more partners in the GCC will participate; FA understands an office is being set-up in Abu Dhabi.

The newly created senior managing director role for insurance institutional clients is based in Hong Kong.

If the bid for the listed IT services provider is successful, it will be Blackstone's largest deal in Japan.