Blackstone appoints leadership for Asia PE business

Dixit, who previously led India private equity and served as co-head of acquisitions for Asia, is now head of PE for the entire region. Huang has become COO of Asia private equity, while retaining his existing roles as head of Asia acquisitions and head of PE for Greater China and Korea.

The promotions were announced internally this week, according to a Blackstone spokesperson.

At the same time, Martin Brand was named head of North America private equity and Peter Wallace became global head of core private equity, which is the firm’s long-term hold strategy. Dixit, Brand, and Wallace are in newly created roles, all under Joseph Barrata, global head of PE. This was first reported by The Wall Street Journal.

Dixit joined Blackstone in 2007 from Warburg Pincus and has participated in various investments across India and South Asia. Current India-related directorships include Mphasis, Aadhar Housing Finance, Essel Propack, Aakash Education, Sona Comstar, IBS Software, Jagran Prakashan, and Mid-Day Infomedia.

Huang was recruited from Morgan Stanley Private Equity Asia in 2012, initially as part of the firm’s Greater China coverage. He serves on the boards of Xinrong Medical and Shya Hsin Packaging in China, Geo-Young and Simone in Korea, and Clarion Events, which merged with Hong Kong-based Global Sources.

Blackstone has $649 billion in assets under management globally across private equity, real estate, hedge funds, and credit and insurance. The private equity portfolio, which also includes life sciences, infrastructure, growth equity, tactical opportunities, and secondaries, is worth $212 billion.

The firm participated in Asia PE via its global funds before closing a debut pan-regional vehicle at $2.3 billion in 2018. Combined with associated commitments from the global buyout program, the total equity available to invest in Asia was at least $3.8 billion. Earlier this year, Blackstone reached a first close of $3.1 billion on Fund II, which has an overall target of $6 billion.

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• Topics
• People
• GPs
• Greater China
• South Asia
• The Blackstone Group
• Asia
• Appointments