Blackstone has opened a new office in Bengaluru, expanding its presence in India as the alternative asset manager continues to invest in the country’s financial services, technology, real estate, and infrastructure ecosystem.
The Bengaluru location represents Blackstone’s second office in India and will operate as a Global Capability Center supporting corporate functions across the firm.
The center will bring together Blackstone employees and professional services partners to strengthen operational capabilities supporting the firm’s businesses in India and globally.
Susan Yung, a Senior Managing Director within Blackstone Credit & Insurance’s Investment Operations team, will oversee operations for the new Global Capability Center.
Yung brings more than 25 years of financial industry experience and previously lived in Bengaluru while working at Goldman Sachs.
The new office will be located at Prestige Lakeshore Drive, a recently developed office park jointly owned by Blackstone Real Estate and Prestige Group.
Blackstone’s investment professionals in India will continue to be based in Mumbai, which remains the firm’s headquarters in the country.
Blackstone established a presence in India approximately 20 years ago and has since become one of the country’s largest global investors.
The firm currently operates major Real Estate and Private Equity businesses in India alongside growing Credit & Insurance and Infrastructure operations.
Blackstone said it is India’s largest owner of office, retail, and logistics assets.
The firm has also played a significant role in developing India’s public real estate investment trust market, helping launch five of the country’s six listed REITs, including India’s first listed REIT.
Across its businesses, Blackstone has taken 14 Indian companies public.
The Bengaluru expansion reflects Blackstone’s broader strategy of building operational and technology capabilities in markets where it also maintains substantial investment exposure.
Blackstone manages nearly $1.4 trillion in assets globally across strategies including real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries, and hedge funds.
The firm said the new Bengaluru office will help it access additional talent and technology-enabled capabilities while strengthening support for its global operations.
KEY QUOTES:
“We are proud to deepen our presence in India with a new office in Bengaluru, reflecting our conviction in one of our most important markets globally. By investing in exceptional talent, technology-enabled capabilities, and a world-class workplace, we are strengthening our ability to support the firm’s operations globally. This expansion reaffirms our long-term commitment to India, where we have become one of the most prominent global investors over the past two decades.”
Michael Chae, Vice Chairman And Chief Financial Officer Of Blackstone
