Michael Chae: Blackstone to focus on China, Southeast Asia in 2012
Senior Managing Director and Head of Private Equity of Blackstone in Asia Pacific Michael Chae said that China and Southeast Asia will be the firm’s investment focus in 2012, referencing the consumer growth that the geographies are expected to see next year.
Speaking at a summit in Hong Kong, Chae noted that uncertainty will lead investors to growth markets. "There's an above-average level of uncertainty around macro conditions in this region and globally, which makes it a really intellectually interesting time to be alive and to be investing," Reuters quoted him saying.
He further said that of Southeast Asia, Indonesia would be a focus market.
Another Blackstone executive, Chairman and Managing Director of India Akhil Gupta, has previously highlighted the firm's commitment to India. Blackstone is considering a $500-720 million annual injection into the country over the next few years, he said, which would make the firm one of India's most active private equity investors.
Gupta added that, as part of this plan, the firm may complete five or six deals annually within the range of $100-120 million apiece.
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