Blackstone, Abu Dhabi’s Lunate Team Up on $5 Billion Logistics Platform

Blackstone Inc. is partnering with Abu Dhabi’s Lunate on a new platform that will target investments worth $5 billion across the wider region, as the US private equity giant looks to build on its portfolio of logistics assets.

The firms will focus mainly on new developments, and evaluate acquisitions as well as sale‑and‑leaseback deals, according to a statement on Monday. Their new venture, which will have dedicated teams across the region, is expected to bring in external investors over time.