The official website of the China Securities Investment Funds Association announced on May 8th that the global asset management giant Blackstone had filed a private equity product "Blackstone Overseas Investment Fund 1 Private Securities Investment Fund" with the association on April 30th. This is the first product issued by Blackstone after obtaining the Qualified Domestic Limited Partner (QDLP) qualification. The information shows that the manager of this product is Blackstone (Shanghai) Private Equity Fund Management Co., Ltd., established in March 2023, completed private equity manager registration in August 2023, with a registered capital of 2 million US dollars. Furthermore, Blackstone recently released its performance report for the first quarter of 2024, with assets under management reaching 1.06 trillion US dollars, a 7% increase compared to the previous quarter. The growth was mainly driven by the data center platform held by Blackstone's real estate and infrastructure strategies. Blackstone raised $6.6 billion in the private wealth sector and the credit sector contributed to over 60% of the company's quarterly cash inflows.