Blackstone is set to raise at least $10 billion for its new Asia-focused private equity fund, with a primary emphasis on India. This fund will mark Blackstone's third buyout vehicle in the Asia region, with a significant portion of its capital earmarked for investments in India. Japan and Australia are also identified as important markets for the firm.

However, sources indicate that the specific capital allocations for the fund may remain flexible, potentially shifting in response to changing macroeconomic conditions. Blackstone has opted not to comment on these developments. (Business Standard)