Blackstone to write $1bn-plus cheques for long-term infra projects

The private equity giant has closed its first permanent capital infrastructure fund at $14bn.

Blackstone Group closed on $14bn for its first permanent capital infrastructure fund, a vehicle that can write $1bn-plus cheques and structure long-term investments with no end date.

The fund has “the equity to do things that others can’t,” said a person familiar with the fund.

https://www.fnlondon.com/articles/blackstone-to-write-1bn-plus-cheques-for-long-term-infra-projects-20190719

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