US private equity manager Blackstone Group is in talks with unnamed third parties in a bid to secure significant investment in the business, according to the buyout house's president.

Speaking at the annual Super Return Private Equity and Venture Capital conference in Munich today, Hamilton ‘Tony’ James, president and chief operating officer of Blackstone, said: “We are in discussions in other regions on similar lines to the Government of China’s investment [in Blackstone last year].”