Norway Bets $800 Million on Blackstone Logistics, Warehouse Fund

Norway’s sovereign wealth fund committed $800 million to Blackstone Inc. to invest in warehouses and logistics, ratcheting up a bet on North American supply chains.

Norges Bank Investment Management, with $1.8 trillion of assets, said it’s investing the money in a Blackstone fund that does deals in the US and Canada. Blackstone, now a $320 billion force in real estate, is the biggest private investor in logistics.