Deals
Blackstone Unveils $100 Billion Ambition for Infrastructure
- Saudi Arabian wealth fund commits $20 billion to the strategy
- Buyout firm answers Trump call to rebuild U.S. infrastructure
This article is for subscribers only.
Blackstone Group LP, the world’s biggest private equity manager, is eyeing more than $100 billion in infrastructure investments with a new strategy anchored by Saudi Arabia’s Public Investment Fund.
PIF agreed to commit $20 billion to the pool, and Blackstone plans to raise the same amount from other investors, the New York-based asset manager said in a statement Saturday. With leverage, Blackstone expects to have more than $100 billion in purchasing power for infrastructure projects, primarily in the U.S.