Global alternative asset manager The Blackstone Group has reached a final close for its first Asia-focused buyout fund, Blackstone Capital Partners Asia, with approximately US$2.3 billion in capital commitments. Washington State Investment Board and Korea-based Woori Bank reportedly committed US$200 million and US$73 million, respectively, prior to the fund’s US$1.5 billion first close in January. Other investors in the fund were not disclosed. Separately, Blackstone has agreed to sell India-based business process outsourcing company Intelenet Global Services to France-based Teleperformance at an enterprise value of US$1 billion. In 2007 and 2015, Blackstone invested in Intelenet, which provides customer experience management, back-office, human resource, financial and administrative services to companies worldwide. The transaction, which is subject to closing conditions and regulatory approvals, is expected to close by 30 September 2018.