09:34 AM EDT, 04/03/2024 (MT Newswires) -- Blackstone (BX) plans to invest at least $2 billion a year in India over the next five years, targeting healthcare, financial services and energy transition businesses, Reuters reported Wednesday, citing Asia Private Equity head Amit Dixit.

The US investment firm also anticipates its portfolio companies to generate $7.5 billion in value, Dixit said in a press briefing, according to the report.

Separately, Blackstone Real Estate Income Trust paid out more than $2.8 billion in distributions in 2023, exceeding its cash flows of $2.7 billion, Bloomberg reported Wednesday, citing the company's annual report.

"Breit covered more than 95% of 2023 distributions with cash flow from operations," Blackstone said in a statement, according to the report.

The fund's performance was impacted by investor requests for withdrawals, leading to asset sales and liquidity management, Bloomberg said. Distributions included payouts in Breit stock and cash options.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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