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Blackstone Unveils $100 Billion Ambition For Infrastructure

TedTed
edited May 2017 in The Bullpen
FYI: (BX is up 5.9% today while KKR is up 1.4%. I have positions in both private equity firms.)

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.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-05-20/blackstone-plans-to-invest-100-billion-in-infrastructure-deals

Barron's Article:
http://www.barrons.com/articles/blackstone-a-super-sized-infrastructure-fund-1495467632
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