With this, total investments by the New York-based firm across private equity (PE) and real estate deals have crossed $12.6 billion. Blackstone aims to surpass the $13 billion mark by December 2019, which will also mark its 13th year of operations in India. Blackstone made real estate investments of $6.6 billion as of end-September, surpassing private equity funding at $6 billion. In real estate, Blackstone has mainly focused on commercial real estate deals, which comprises nearly $5.2 billion of the total investments. Blackstone signed its first real estate deal in 2008, but started buying office assets in 2011.

Source: Mint October 20, 2019 17:37 UTC