Blackstone opened a Global Capability Center in Bengaluru on Tuesday, establishing its second location in India to back operations across its worldwide funds.

The alternative asset manager already ranks as India’s largest owner of office, retail, and logistics real estate, backed by a footprint that helped launch five of the country’s six listed real estate investment trusts.

Bringing together in-house staff and professional services partnerships across corporate functions, the new facility will support the firm’s international network alongside its domestic businesses.

Susan Yung, a senior managing director in Blackstone Credit & Insurance’s investment operations division, will direct the Bengaluru center. Yung spent more than 25 years working in the financial sector and earlier lived in Bengaluru during a stint with Goldman Sachs.

Front-office dealmakers will stay put. The company’s core investment teams remain headquartered in Mumbai, where its Indian private equity, infrastructure, and real estate heads direct capital deployment.

The setup occupies space at Prestige Lakeshore Drive. Blackstone Real Estate and developer Prestige Group jointly own the business park, which already leases commercial square footage to multinational software and banking firms.

Establishing operational centers inside proprietary office developments mirrors what big institutional investors across Asia have done to secure captive tenancy while trimming overseas back-office payrolls. Rather than relying solely on external business process outsourcers, large buyout houses increasingly run their own execution platforms to manage fund accounting, data compliance, and risk analytics in-house.

For commercial real estate operators in Bengaluru, the move highlights persistent institutional demand for premium tech parks even as broader office leasing volumes normalize across major Indian metros.

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