Bengaluru, India – Blackstone’s latest expansion marks the first time the private‑equity giant has set up a global capability centre outside the United States. The 80‑person hub will be overseen by senior managing director Susan Yung, who previously led the firm’s operations at Goldman Sachs in the city.
Blackstone’s vice‑chairman and CFO Michael Chae said the Bengaluru team would integrate closely with global functions in finance, technology, HR, legal and compliance, mirroring the model that has powered its Mumbai headquarters for two decades.
The move comes as Blackstone’s assets under management have quadrupled to nearly $1.4 trillion, creating a pressing need for expanded support infrastructure across its global portfolio.
In India, the firm currently manages $51 billion – a figure it aims to double to $100 billion over the next five years. To achieve that, Blackstone plans to grow the Bengaluru workforce to 100 or more by year‑end, while also bolstering its Mumbai base.
A Bengaluru‑based engineer said the new centre would bring high‑tech jobs to the city, sparking excitement among local talent recruiters.
Blackstone will roll out the expansion in phases, with additional senior leaders slated to join the engineering and compliance teams in the coming months, setting the stage for a broader footprint in India’s capital markets.