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CM - Blackstone Infrastructure Partners closes at $14B - August 2019
Blackstone closed the inaugural fundraising phase for namesake fund BlackStone Infrastructure Partners at $14 billion, the global investor announced July 18. The fund will invest in energy projects across the midstream, utilities and renewables sectors, as well as other areas. It was launched in 2017 and is backed by a $20 billion matching anchor commitment from Saudi Arabia’s sovereign fund Public Investment Fund. Other sovereign funds, pension plans, foundations, family offices and insurance companies are among BIP’s investor base. Sean Klimczak,......
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