Jun
25
Blackstone Nears First Close of $5 Billion for Infrastructure Fund
By-
First close of planned $40 billion pool is among largest ever
- Alternative investment firm sees big potential in the sector
Thirteen months after unveiling a gigantic pledge from Saudi Arabia’s sovereign wealth fund, Blackstone Group LP is nearing a first close of $5 billion for its inaugural infrastructure fund, according to people familiar with the matter.
The fundraising, expected to be finalized this week, is slightly behind schedule but will mark the biggest initial close for a first-time fund across any alternative investment strategy after SoftBank’s $100 billion Vision Fund and the China Structural Reform Fund, according to Preqin. The data exclude funds with a single close…
Blackstone Nears First Close of $5 Billion for Infrastructure Fund
