Deals

Blackstone Plans European Infrastructure Fund Initially Targeting Up to $2 Billion

  • Open-ended fund to be managed by London-based Jonathan Kelly
  • Firm could initially seek to raise $1 billion to $2 billion
Blackstone offices in New York.Photographer: Mark Abramson/Bloomberg
Lock
This article is for subscribers only.

Blackstone Inc. is considering raising a new open-ended European infrastructure fund, people with knowledge of the matter said, as investor demand for real assets continues unabated.

The New York-based alternative asset manager is in the early stages of mapping out the fund and has yet to seek firm commitments, the people said, asking not to be identified discussing confidential information.