Blackstone opens new global capability center in Bengaluru

New York-based Blackstone has expanded its presence in India by opening a new global capability center in Bengaluru. The office is located on a campus shared with several other global finance and technology firms.The new center is designed to support the firm’s global operations, specifically focusing on functions such as private wealth, credit, and insurance. The investment team will continue to operate out of the firm's existing India headquarters in Mumbai.The investment firm currently has over USD 50 Billion of assets under management in India. It is a significant owner of office, retail, and logistics properties in the country and has been instrumental in the launch of five of India's six listed real estate investment trusts. It has also taken 14 portfolio companies public in India.