May 20, 2020

Blackstone closes first Asian private equity fund at $2.3bn

private equity
1 min
Blackstone closes first Asian private equity fund at $2.3bn

Global asset management company Blackstone announced on Wednesday that is has closed its first ever Asian private equity fund. The fund, called Blackstone Capital Partners Asia (BCP Asia) closed at $2.3bn.

Added to associated commitments from Blackstone’s global buyout fund, this leaves the company with a total of $3.8bn to invest in Asia, according to Straits Times.

In a statement, Blackstone’s global head of private equity Joe Baratta said: “We are thankful for all our investors’ support and we believe we are well-positioned to seize the ongoing opportunities in Asia. The region continued to experience strong growth compared to our major markets, presenting compelling investment opportunities across sectors.”

See also:

Japan launches $50bn Indo-Pacific investment fund to rival China

Toyota to invest $1bn in Grab

ESR raises $2.1bn for Japan Logistics Real Estate developments

According to Reuters, around two-thirds of the private equity fund as well as global contribution will be invested in China and India. Sectors in focus include healthcare, manufacturing and high-end consumer goods and services.  

As a whole, Blackstone, which is reportedly looking to sell the world’s largest BPO company Intelenet, has about $111bn of assets under management.


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Jul 24, 2021

Amobee Appoints Nick Brien As CEO

Elise Leise
2 min
Nick Brien, a CEO with a proven advertising track record, will help Amobee achieve digital growth

In its latest strategic move, Amobee—a global multimedia advertising leader—announced that Nick Brien will be its Chief Executive Officer. The company is entirely owned by Singtel, Asia’s leading communications technology organisation, which provides consumers with mobile, broadband, and TV and businesses with data hosting, cloud, network infrastructure, analytics, and cybersecurity tools. 

Brien, who has worked for Microsoft, Intel, P&G, and American Express, will take over to drive the next generation of advertising tech. Said Evangelos Simoudis, Chairman of the Board of Amobee: ‘Nick has the deep expertise in advertising that we need to seize the market opportunities ahead’. 

How Did Brien Get Here? 

Before joining Amobee, Brien led 15,000 people across 40 divisions as CEO of the Americas for Dentsu International. For thirty years, he’s helped brands pilot unique advertisements, keeping up with the latest trends. He’s served as CEO of McCann Worldgroup, global CEO of IPG Mediabrands, President of Hearst Marketing Services, and CEO of iCrossing. Over the course of his career, he’s consistently strategised how to keep up with digital shifts. Now, he’ll capitalise on Amobee’s legions of experienced data scientists and developers. 

‘I’m excited to be joining Amobee at such a transformative time in our industry’, Brien explained. ‘We’ll pilot advertising accountability and intelligent decisioning. And there’s no doubt in my mind that optimising media performance—whether you’re targeting, planning, buying, or delivering—can only be achieved using applied science, machine learning, and data analytics’. 

What Does This Mean for Amobee? 

Amobee is set on growing its personal brand within the advertising sector. As APAC social media influencers, Gen Z growth hackers, and viral content producers start to enter the field, established companies will be working doubly hard to keep up. Amobee, however, is still looking good. With a Gartner Magic Quadrant for Ad Tech, a Forrester New Wave recognition, and now, Nick Brien as CEO, the firm is set up for success. 

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