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Blackstone eyes emerging markets LPsAsia, the Middle East and Europe are set to increase their alternative asset appetites, according to Blackstone CEO Stephen Schwarzman.
- Woori mulls $300m commitment to Blackstone
South Korea’s Woori Financial may help Blackstone get closer to its revised $15bn target for its sixth global fund.
- Cathay Life Insurance commits $100m to Blackstone
The $72bn flagship company of Taiwanese financial services group Cathay Financial has become an LP for Blackstone's latest mega-fund. Andrew Kuo, an independent non-executive director at Cathay Financial, is vice chairman of Blackstone's Greater China operations and a managing director in its Hong Kong office.