Key Takeaways
- • Blackstone has opened a new office in Bengaluru, its second office in India, to host a global capability center (GCC) for employees and professional services partnerships across corporate functions.
- • The Bengaluru GCC will be overseen operationally by Susan Yung, senior managing director in the Blackstone Credit & Insurance (BXCI) investment operations team, who has more than 25 years of industry experience.
- • The office is located at Prestige Lakeshore Drive, an office park jointly owned by Blackstone Real Estate and Prestige Group.
- • Blackstone's investment professionals will remain in Mumbai, which serves as the firm's India headquarters.
- • Blackstone says it has been present in India for 20 years and is now the country's largest owner of office, retail, and logistics space.
Summary
Blackstone has expanded its footprint in India with a new office in Bengaluru, its second location in the country, according to the original report from Alternative Credit Investor. The facility will serve as a global capability center (GCC) supporting the firm's operations across corporate functions, and will host Blackstone employees and professional services partnerships.
The center will be overseen operationally by Susan Yung, a senior managing director in the Blackstone Credit & Insurance (BXCI) investment operations team. Yung has more than 25 years of industry experience and previously lived in Bengaluru while working at Goldman Sachs. The office will be located at Prestige Lakeshore Drive, a recently developed office park jointly owned by Blackstone Real Estate and Prestige Group, which already houses several global finance and technology firms.
Blackstone confirmed that its investment professionals will remain in Mumbai, the firm's India headquarters. Michael Chae, vice chair and chief financial officer of Blackstone, said the company was proud to deepen its presence in India, describing the country as one of the firm's most important markets globally. He said the expansion would strengthen the firm's ability to support its global operations by investing in talent, technology-enabled capabilities and workplace infrastructure, and reaffirmed the firm's long-term commitment to India.
Blackstone says it established its India presence 20 years ago and is now the country's largest owner of office, retail and logistics properties. The firm operates real estate and private equity franchises, alongside growing credit and insurance and infrastructure businesses.
The center will be overseen operationally by Susan Yung, a senior managing director in the Blackstone Credit & Insurance (BXCI) investment operations team. Yung has more than 25 years of industry experience and previously lived in Bengaluru while working at Goldman Sachs. The office will be located at Prestige Lakeshore Drive, a recently developed office park jointly owned by Blackstone Real Estate and Prestige Group, which already houses several global finance and technology firms.
Blackstone confirmed that its investment professionals will remain in Mumbai, the firm's India headquarters. Michael Chae, vice chair and chief financial officer of Blackstone, said the company was proud to deepen its presence in India, describing the country as one of the firm's most important markets globally. He said the expansion would strengthen the firm's ability to support its global operations by investing in talent, technology-enabled capabilities and workplace infrastructure, and reaffirmed the firm's long-term commitment to India.
Blackstone says it established its India presence 20 years ago and is now the country's largest owner of office, retail and logistics properties. The firm operates real estate and private equity franchises, alongside growing credit and insurance and infrastructure businesses.
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