Blackstone has recently launched its first private equity fund for Japanese individual investors and managed to raise an impressive $1.2 billion in just four months. This milestone signals a growing interest in alternative assets among the Asian nation. The Blackstone Private Equity Strategies Investment Trust, denominated in dollars, hit the equivalent of ¥188 billion by the end of June, as reported by the Japan Securities Dealers Association.
Traditionally, alternative investment products have not been popular in Japan due to their low liquidity. However, there is a shift happening as the government encourages individuals to diversify their investment portfolio. With inflation affecting the value of cash in Japan, more people are looking towards alternative assets for higher returns.
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