Blackstone commits $150M to new hedge fund ApaH Capital – Reuters

Blackstone Group Inc., through its Strategic Alliance Fund III, is committing $150 million in startup capital to ApaH Capital Management Ltd., Reuters reported, citing two sources familiar with the matter.

The Hong Kong-based hedge fund will concentrate on public and private market investments across Asia, including in Australia, China, India and Japan.

The fund is launching with roughly $200 million in assets, including the capital from Blackstone, one of the people said.

Blackstone declined to comment to the publication.