Deals
Blackstone Gathers $1.75 Billion for Infrastructure Secondaries
- Firm’s second such pool hits hard cap after launching in 2017
- Focus is on funds with cash-yielding assets like airports
This article is for subscribers only.
Blackstone Group LP has amassed $1.75 billion for its second pool to buy secondhand interests in infrastructure funds.
The vehicle hit its hard cap -- the maximum amount of outside capital agreed to with investors -- after launching last year, a spokeswoman for Blackstone confirmed Tuesday. Strategic Partners Real Assets II LP, as the fund is known, is focused on interests in funds that target proven, cash-yielding assets such as airports, ports, toll roads and utilities.