{"id":108543,"date":"2026-06-12T00:16:02","date_gmt":"2026-06-11T22:16:02","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=108543"},"modified":"2026-06-11T15:55:42","modified_gmt":"2026-06-11T13:55:42","slug":"asie-jako-investicni-magnet-blackstone-prepisuje-rekordy-navzdory-ochlazeni-trhu","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/06\/12\/asie-jako-investicni-magnet-blackstone-prepisuje-rekordy-navzdory-ochlazeni-trhu\/","title":{"rendered":"Asie jako investi\u010dn\u00ed magnet: Blackstone p\u0159episuje rekordy navzdory ochlazen\u00ed trhu"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<p>Investi\u010dn\u00ed sv\u011bt proch\u00e1z\u00ed obdob\u00edm zv\u00fd\u0161en\u00e9 opatrnosti, ale pro Asii to zjevn\u011b neplat\u00ed. Americk\u00e1 spole\u010dnost Blackstone, kter\u00e1 pat\u0159\u00ed mezi nejv\u011bt\u0161\u00ed spr\u00e1vce majetku na sv\u011bt\u011b, \u00fasp\u011b\u0161n\u011b zavr\u0161ila obrovsk\u00fd projekt. Pro sv\u016fj nejnov\u011bj\u0161\u00ed asijsk\u00fd fond zam\u011b\u0159en\u00fd na investice do firem dok\u00e1zala od investor\u016f vybrat rekordn\u00edch 13,1 miliardy dolar\u016f. Tento v\u00fdsledek v\u00fdrazn\u011b p\u0159ekonal p\u016fvodn\u00ed o\u010dek\u00e1v\u00e1n\u00ed a vyslal jasn\u00fd sign\u00e1l, \u017ee asijsk\u00fd trh z\u016fst\u00e1v\u00e1 pro velk\u00e9 glob\u00e1ln\u00ed hr\u00e1\u010de mimo\u0159\u00e1dn\u011b atraktivn\u00ed.<\/p>\n<h3><strong>V\u00fdjime\u010dn\u00fd \u00fasp\u011bch v nep\u0159\u00edzniv\u00e9m ekonomick\u00e9m po\u010das\u00ed<\/strong><\/h3>\n<p>Nejnov\u011bj\u0161\u00ed fond s ofici\u00e1ln\u00edm n\u00e1zvem Blackstone Capital Partners Asia III m\u011bl p\u016fvodn\u011b stanoven\u00fd c\u00edl na \u00farovni 10 miliard USD. Skute\u010dnost, \u017ee se firm\u011b poda\u0159ilo tuto hranici p\u0159ekro\u010dit o v\u00edce ne\u017e 3 miliardy USD, p\u0159ekvapila mnoho analytik\u016f. Nov\u00fd fond toti\u017e z\u00edskal v\u00edce ne\u017e dvojn\u00e1sobek pen\u011bz ve srovn\u00e1n\u00ed s p\u0159edchoz\u00edm asijsk\u00fdm projektem t\u00e9to spole\u010dnosti a stal se jej\u00edm v\u016fbec nejv\u011bt\u0161\u00edm \u00fasp\u011bchem v tomto regionu.<\/p>\n<p>Tento masivn\u00ed p\u0159\u00edliv kapit\u00e1lu je o to v\u00fdjime\u010dn\u011bj\u0161\u00ed, \u017ee p\u0159ich\u00e1z\u00ed ve velmi slo\u017eit\u00e9 situaci. Cel\u00fd investi\u010dn\u00ed sektor moment\u00e1ln\u011b bojuje s n\u00e1ro\u010dn\u011bj\u0161\u00edmi podm\u00ednkami, kter\u00e9 zp\u016fsobily zejm\u00e9na vy\u0161\u0161\u00ed \u00farokov\u00e9 sazby a p\u0159etrv\u00e1vaj\u00edc\u00ed geopolitick\u00e1 nejistota ve sv\u011bt\u011b. Podle \u00fadaj\u016f renomovan\u00e9 analytick\u00e9 spole\u010dnosti Bain &amp; Company klesl celkov\u00fd objem pen\u011bz, kter\u00fd se asijsk\u00fdm fond\u016fm poda\u0159ilo v minul\u00e9m roce z\u00edskat, na nejni\u017e\u0161\u00ed \u00farove\u0148 za v\u00edce ne\u017e jedno desetilet\u00ed. \u00dasp\u011bch fondu od Blackstone je proto jasnou v\u00fdjimkou z tohoto celkov\u00e9ho tr\u017en\u00edho \u00fatlumu.<\/p>\n<h3><strong>Strategie postaven\u00e1 na kontrole a siln\u00e9m z\u00e1zem\u00ed<\/strong><\/h3>\n<p>Pro\u010d se tedy investor\u016fm vyplatilo sv\u011b\u0159it sv\u00e9 miliardy pr\u00e1v\u011b do rukou t\u00e9to instituce? Kl\u00ed\u010dem k \u00fasp\u011bchu byla d\u016fv\u011bra v promy\u0161len\u00fd investi\u010dn\u00ed p\u0159\u00edstup. \u0160\u00e9f asijsk\u00e9 divize pro investice do firem v Blackstone, Amit Dixit, v t\u00e9to souvislosti vyzdvihl dva hlavn\u00ed faktory, kter\u00e9 firmu odli\u0161uj\u00ed od ostatn\u00edch. Prvn\u00edm je obrovsk\u00fd region\u00e1ln\u00ed rozsah samotn\u00e9 mate\u0159sk\u00e9 spole\u010dnosti, kter\u00e1 m\u00e1 na m\u00edstn\u00edch trz\u00edch vybudovanou silnou pozici.<\/p>\n<p>Druh\u00fdm faktorem je jasn\u00e1 strategie zam\u011b\u0159en\u00e1 na z\u00edsk\u00e1v\u00e1n\u00ed kontroln\u00edch pod\u00edl\u016f. Na rozd\u00edl od drobn\u00fdch investor\u016f, kte\u0159\u00ed kupuj\u00ed jen mal\u00e9 bal\u00edky akci\u00ed, Blackstone hled\u00e1 p\u0159\u00edle\u017eitosti, kde m\u016f\u017ee v podnic\u00edch p\u0159evz\u00edt plnou kontrolu. Tento p\u0159\u00edstup umo\u017e\u0148uje firm\u011b aktivn\u011b zasahovat do \u0159\u00edzen\u00ed kupovan\u00fdch podnik\u016f, zvy\u0161ovat jejich hodnotu a n\u00e1sledn\u011b je s \u00fasp\u011bchem p\u0159ipravit na dal\u0161\u00ed rozvoj. Pr\u00e1v\u011b tato kombinace stability a kontroly investory p\u0159esv\u011bd\u010dila.<\/p>\n<h3><strong>Kam te\u010dou miliardy?<\/strong><\/h3>\n<p>Pen\u00edze od investor\u016f v\u0161ak nez\u016fst\u00e1vaj\u00ed le\u017eet na \u00fa\u010dtech. Blackstone za posledn\u00edch 24 m\u011bs\u00edc\u016f prok\u00e1zal v Asii mimo\u0159\u00e1dnou aktivitu, kdy\u017e v regionu investoval ji\u017e v\u00edce ne\u017e 7 miliard USD prost\u0159ednictv\u00edm 12 velk\u00fdch obchod\u016f. Hlavn\u00edmi c\u00edlov\u00fdmi trhy, kam tento kapit\u00e1l sm\u011b\u0159uje nej\u010dast\u011bji, jsou p\u0159edev\u0161\u00edm Indie a Japonsko.<\/p>\n<p>Rozmanitost t\u011bchto investic ukazuje, jak pestr\u00e9 mo\u017enosti asijsk\u00fd kontinent nab\u00edz\u00ed. P\u0159\u00edkladem z modern\u00ed technologick\u00e9 oblasti je indick\u00e1 cloudov\u00e1 platforma Neysa, kter\u00e1 se zam\u011b\u0159uje na um\u011blou inteligenci. V Japonsku zase spole\u010dnost investovala do poskytovatele in\u017een\u00fdrsk\u00fdch slu\u017eeb TechnoPro. To, \u017ee velk\u00fd investi\u010dn\u00ed kapit\u00e1l neobch\u00e1z\u00ed ani sf\u00e9ru b\u011b\u017en\u00fdch slu\u017eeb pro spot\u0159ebitele, dokazuje vstup do jihokorejsk\u00e9 s\u00edt\u011b kade\u0159nick\u00fdch salon\u016f JUNO.<\/p>\n<h3><strong>\u00dasp\u011b\u0161n\u00e9 prodeje a probouzen\u00ed akciov\u00fdch burz<\/strong><\/h3>\n<p>Investi\u010dn\u00ed cyklus v\u0161ak nekon\u010d\u00ed jen n\u00e1kupem. Aby byl fond \u00fasp\u011b\u0161n\u00fd, mus\u00ed pen\u00edze zhodnotit a vr\u00e1tit je p\u016fvodn\u00edm investor\u016fm. V t\u00e9to oblasti zaznamenal Blackstone v Asii ji\u017e 15 \u00fasp\u011b\u0161n\u00fdch odchod\u016f z investic, tedy prodej\u016f sv\u00fdch pod\u00edl\u016f. Tomuto procesu v\u00fdrazn\u011b pomohlo celkov\u00e9 o\u017eiven\u00ed na ve\u0159ejn\u00fdch akciov\u00fdch trz\u00edch, d\u00edky \u010demu\u017e mohlo v\u00edce firem \u00fasp\u011b\u0161n\u011b realizovat prvn\u00ed ve\u0159ejnou nab\u00eddku akci\u00ed (IPO).<\/p>\n<p>Mezi nejv\u00fdznamn\u011bj\u0161\u00ed p\u0159\u00edklady pat\u0159\u00ed vstup spole\u010dnost\u00ed Aadhar Housing Finance a International Gemological Institute na burzu v Indii. V Japonsku zase prob\u011bhl \u00fasp\u011b\u0161n\u00fd prodej farmaceutick\u00e9 spole\u010dnosti Alinamin Pharmaceutical. Blackstone v\u0161ak na tomto lukrativn\u00edm trhu nep\u016fsob\u00ed osamocen\u011b. O p\u0159\u00edze\u0148 asijsk\u00fdch podnik\u016f soupe\u0159\u00ed s dal\u0161\u00edmi giganty. Nap\u0159\u00edklad evropsk\u00e1 investi\u010dn\u00ed skupina EQT ned\u00e1vno z\u00edskala pro sv\u016fj asijsk\u00fd fond zam\u011b\u0159en\u00fd na odkupov\u00e1n\u00ed firem dokonce a\u017e 15,6 miliardy USD, co\u017e potvrzuje obrovskou rivalitu v regionu.<\/p>\n<h3><strong>Architektura budouc\u00edho r\u016fstu<\/strong><\/h3>\n<p>Podle vyj\u00e1d\u0159en\u00ed glob\u00e1ln\u00edho \u0161\u00e9fa investi\u010dn\u00edch strategi\u00ed spole\u010dnosti Blackstone Joea Baratty je oblast Asie a Tichomo\u0159\u00ed v sou\u010dasnosti nejrychleji rostouc\u00edm regionem na sv\u011bt\u011b. Pro velk\u00e9 spr\u00e1vce kapit\u00e1lu to znamen\u00e1 jedine\u010dnou p\u0159\u00edle\u017eitost investovat v obrovsk\u00e9m m\u011b\u0159\u00edtku do t\u00e9mat a odv\u011btv\u00ed, kter\u00e1 maj\u00ed p\u0159ed sebou jasnou budoucnost a vysokou p\u0159esv\u011bd\u010divost. Rekordn\u00ed \u00fasp\u011bch tohoto asijsk\u00e9ho fondu v\u0161ak p\u0159in\u00e1\u0161\u00ed d\u016fle\u017eit\u00e9 ponau\u010den\u00ed i pro \u0161ir\u0161\u00ed ve\u0159ejnost. A\u010dkoli sv\u011btov\u00e1 ekonomika \u010del\u00ed r\u016fzn\u00fdm rizik\u016fm, obrovsk\u00e9 sumy pen\u011bz se pohybovat nep\u0159est\u00e1vaj\u00ed.<\/p>\n<h4><strong>Anna \u0160uhajdov\u00e1, p\u0159edsedkyn\u011b p\u0159edstavenstva <\/strong><a href=\"https:\/\/www.capitalmarkets.sk\/cs\/\"><strong>CAPITAL MARKETS, o.c.p., a.s.<\/strong><\/a><\/h4>\n<p>Upozorn\u011bn\u00ed! Tento marketingov\u00fd materi\u00e1l nen\u00ed a nesm\u00ed b\u00fdt ch\u00e1p\u00e1n jako investi\u010dn\u00ed poradenstv\u00ed. \u00dadaje, kter\u00e9 se t\u00fdkaj\u00ed minulosti, nejsou garanc\u00ed budouc\u00edch v\u00fdnos\u016f. Investov\u00e1n\u00ed v ciz\u00ed m\u011bn\u011b m\u016f\u017ee ovlivnit v\u00fdnosy v d\u016fsledku v\u00fdkyv\u016f. V\u0161echny obchody s cenn\u00fdmi pap\u00edry mohou v\u00e9st jak k zisk\u016fm, tak i ztr\u00e1t\u00e1m. V\u00fdhledov\u00e1 prohl\u00e1\u0161en\u00ed p\u0159edstavuj\u00ed p\u0159edpoklady a aktu\u00e1ln\u00ed o\u010dek\u00e1v\u00e1n\u00ed, kter\u00e1 nemus\u00ed b\u00fdt p\u0159esn\u00e1, nebo vych\u00e1zej\u00ed z aktu\u00e1ln\u00edho ekonomick\u00e9ho prost\u0159ed\u00ed, kter\u00e9 se m\u016f\u017ee zm\u011bnit. Tato prohl\u00e1\u0161en\u00ed nezaru\u010duj\u00ed budouc\u00ed v\u00fdkonnost. Spole\u010dnost CAPITAL MARKETS, o.c.p., a.s. je subjekt regulovan\u00fd N\u00e1rodn\u00ed bankou Slovenska.<\/p>\n<p>Zdroje:<br \/>\n<a href=\"https:\/\/eqtgroup.com\/news\/eqt-raises-asia-pacifics-largest-private-equity-fund-closing-bpea-ix-at-usd-156-billion-in-total-commitments-2026-04-20\">https:\/\/eqtgroup.com\/news\/eqt-raises-asia-pacifics-largest-private-equity-fund-closing-bpea-ix-at-usd-156-billion-in-total-commitments-2026-04-20<\/a><br \/>\n<a href=\"https:\/\/www.cnbc.com\/2025\/11\/12\/why-private-equity-is-stuck-with-zombie-companies-it-cant-sell.html\">https:\/\/www.cnbc.com\/2025\/11\/12\/why-private-equity-is-stuck-with-zombie-companies-it-cant-sell.html<\/a><br \/>\n<a href=\"https:\/\/www.cnbc.com\/2026\/03\/27\/asia-private-equity-fundraising-tested-middle-east-in-doldrum-deals.html\">https:\/\/www.cnbc.com\/2026\/03\/27\/asia-private-equity-fundraising-tested-middle-east-in-doldrum-deals.html<\/a><br \/>\n<a href=\"https:\/\/www.cnbc.com\/2026\/06\/02\/blackstone-largest-asia-private-equity-fund.html\">https:\/\/www.cnbc.com\/2026\/06\/02\/blackstone-largest-asia-private-equity-fund.html<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investi\u010dn\u00ed sv\u011bt proch\u00e1z\u00ed obdob\u00edm zv\u00fd\u0161en\u00e9 opatrnosti, ale pro Asii to zjevn\u011b neplat\u00ed. Americk\u00e1 spole\u010dnost Blackstone,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":101029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[1042,45,331,1472],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/108543"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=108543"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/108543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/101029"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=108543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=108543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=108543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}