Finance
Blackstone Targets Richer Clients Than Its Rivals for a New Fund
- Fund will target those with at least $5 million of investments
- Vehicle departs from those targeting the everyday millionaire
This article is for subscribers only.
Blackstone Inc. debuted an infrastructure fund targeting individuals with at least $5 million of investments, departing from the paths of rivals such as KKR & Co. and Apollo Global Management Inc. that have courted the less-wealthy “mass affluent” for such funds.
The New York-based money manager filed a registration Friday for Blackstone Infrastructure Strategies, the latest vehicle from an alternative asset manager to raise infrastructure funding from individual investors.