Blackstone has closed its Blackstone Capital Opportunities Fund V at its $10 billion hard cap. The fund was oversubscribed and represents the firm's largest opportunistic credit vehicle to date. Managed by the Blackstone Credit & Insurance division, the fund will target private corporate credit and structured solutions globally. The move follows a successful track record for the strategy, which has delivered a 13 per cent net IRR since 2007.
South Korea's KIND has signed a strategic partnership with Indonesia's new $900 billion sovereign wealth fund, Danantara. The agreement covers comprehensive cooperation in transportation, renewable energy and urban development. Beyond domestic projects like Jakarta data centres, the two nations plan to pursue joint infrastructure opportunities in ASEAN markets and Saudi Arabia, leveraging Korean technological expertise and Indonesian capital.
Incheon International Airport Corporation and UPS have officially opened the expanded Express Logistics Center following a 30 billion won investment. The project increases import cargo capacity from 27,000 tons to 190,000 tons per year. This development secures a more stable national supply chain and reinforces Incheon Airport as a leading logistics hub in Northeast Asia despite ongoing global supply chain volatility and regional instability in the Middle East.
Antares Capital and Ares Management have announced the $1.7 billion closing of a second private credit continuation vehicle. The transaction provides existing investors with liquidity while offering new ones exposure to a high-performing portfolio of over 300 loans. Led by Ares Credit Secondaries funds, the move highlights the growing demand for flexible financial solutions in a market where assets are being held for longer periods.
Da Nang has marked a major milestone in its maritime development with the completion of shared infrastructure at Lien Chieu Port. A ceremony on March 28 signaled the start of a US$2 billion comprehensive investment project for a new container terminal. This mega-project aims to establish an international transshipment hub in Central Vietnam. It will feature eight berths capable of handling the world’s largest container vessels.
Prologis and GIC have established a $1.6 billion joint venture to develop build-to-suit logistics facilities across the United States. The partnership starts with a 4.1 million square foot portfolio and aims to meet rising demand for custom distribution centres. By combining GIC's institutional capital with the development expertise of Prologis, the venture targets long-term growth in the North American industrial sector.
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