Blackstone has opened its second office in India, expanding its presence to Bengaluru with a new Global Capability Centre (GCC). The move strengthens the firm’s operational capabilities in India and supports its global business functions.
The new office will bring together Blackstone employees and professional services partners across corporate functions. The firm said the expansion reflects its long-term commitment to India, which remains one of its priority markets.
Bengaluru GCC to Support Global Operations
Susan Yung, Senior Managing Director in Blackstone Credit & Insurance’s Investment Operations team, will oversee the new centre. She has more than 25 years of experience in the financial services industry and previously lived in Bengaluru while working at Goldman Sachs.
Michael Chae, Vice Chairman and Chief Financial Officer of Blackstone, said the new office would strengthen the firm’s global operations through investments in talent, technology-enabled capabilities and workplace infrastructure.
He added that the expansion reflects Blackstone’s long-term commitment to India.
New Office Located at Prestige Lakeshore Drive
Blackstone’s new office is located at Prestige Lakeshore Drive, a recently developed office park jointly owned by Blackstone Real Estate and Prestige Group. The office park houses several global financial services and technology companies. However, Blackstone’s investment professionals will continue to operate from Mumbai, which serves as the firm’s India headquarters.
Blackstone Expands Its Investment Presence in India
Blackstone established its presence in India around 20 years ago and has since built businesses across several sectors. Its operations include real estate and private equity, along with growing credit and insurance and infrastructure businesses.
The firm is also one of India’s largest owners of office, retail and logistics assets. It has helped launch five of the country’s six listed real estate investment trusts (REITs), including the first.
Across its businesses, Blackstone has taken 14 companies public. The firm said its investments reflect its role as a long-term partner in building businesses and supporting India’s growth.
