Blackstone Group, a global private equity player, is set to increase its focus on India. After setting the ball rolling on its corporate private equity and recently starting off its real estate opportunity focus, the company during the past week has set up Blackstone Altius Advisors, an event-driven strategy focusing on opportunities in the Asia Pacific region. According to a statement from Blackstone, a global, highly-experienced investment team will be headquartered in Hong Kong, with additional professionals based in Tokyo, Mumbai and New York for the foray. Estimates indicate that close to $1 billion has already been committed by this player to the Indian market. The statement from Blackstone further added that its Asia business includes its fund of hedge funds and two close-end mutual funds – The India Fund and The Asia Tigers Fund.   more »