Blackstone closes its largest Asia-focused private equity fund at $13.1 billion, according to multiple outlets. The fund, named Blackstone Capital Partners Asia III, is Blackstone’s latest regional vehicle targeting investments across Asia. Reports say Blackstone originally targeted about $10 billion for this fund and ultimately raises more than double its previous related vehicle size. CNBC notes the close at more than $13 billion and describes it as the largest private equity fundraise the firm has completed in the region. Other coverage similarly states that the fund raises $13.1 billion and emphasizes that it is Blackstone’s biggest Asia fund to date. Seeking Alpha and Channel NewsAsia also report the $13.1 billion figure for Blackstone Capital Partners Asia III. No outlet in the provided excerpts specifies the fund’s investor base, geography by country, or sector focus, beyond describing it as Blackstone’s largest Asia private equity vehicle.