Blackstone Inc. anticipates India and Japan to be its primary Asian markets next year, with the latter's high growth and vibrant stock market leading the charge, according to Joe Baratta, the firm's global private equity head. Blackstone, the world's largest alternative asset manager, has invested in Indian healthcare but been quiet in Japan's private equity scene, notwithstanding foreign investor interest. Baratta, in Tokyo discussing strategies and meeting with investors, expressed Blackstone's openness to Japanese deals ranging from USD300m to USD2bn in IT, healthcare, and consumer sectors. Despite private equity challenges like higher interest rates and market volatility leading to a 12% quarterly profit decline for Blackstone, Baratta remains optimistic about the robust deal pipeline.
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