Asian PE players target growth via diversification

One of the recent trends to have emerged in Asia’s still nascent private equity industry is a diversification drive from some of the larger industry players. This is coming out of the US, where the likes of Blackstone, KKR and TPG have all been branching out from pure private equity to multiply their revenue streams. It appears an effort to transform themselves into the BlackRock of private equity. Blackstone’s earnings, for instance, are now being powered by its real estate bus…