Deals
Blackstone Jumps on Plans for $40 Billion Infrastructure Fund
- Firm ‘just leapfrogged’ most of infrastructure world: analyst
- Fund could benefit ‘significantly’ from Trump’s spending plan
Blackstone Group LP headquarters in New York April 14, 2017.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Shares of Blackstone Group LP rose to the highest in 18 months after the private equity firm laid out plans for a $40 billion infrastructure fund.
The stock jumped as much as 7.1 percent Monday to $31.99, the highest since November 2015. It traded at $31.64 as of 11:06 a.m. in New York.