Blackstone open-ended infrastructure fund raises $12bn

Blackstone has raised $12bn (€10.6bn) for its first open-ended infrastructure fund, according to people familiar with the matter.

In July last year, IPE Real Assets reported that the Blackstone Infrastructure Partners fund, which is backed by the Public Investment Fund (PIF) of Saudi Arabia, had raised $5bn, but had yet to reveal any specific investments made.

According to sources, the fund is now expected to reach $12bn, half of which had been raised from PIF and the remaining from third-party investors.

IPE Real Assets understands that in the near future, the manager intends to temporarily halt capital raising so it can deploy existing capital.

So far the fund is known to have invested $3.3bn for a 44% interest in Tallgrass Energy based in Kansas and has also invested an undisclosed amount in Carrix, one of the world’s largest marine terminal operators.

Blackstone Infrastructure Partners targets core and core-plus assets primarily in North America.

Blackstone declined a request for comment.


Related images

  • Tallgrass

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2563

    Asset class: Mid & Small Cap Equities.
    Asset region: Global.
    Size: USD $130m.
    Closing date: 2019-09-27.

  • QN-2564

    Asset class: Large Cap Growth Equities.
    Asset region: Global Developed Markets.
    Size: USD $130m.
    Closing date: 2019-10-04.

  • DS-2567

    Closing date: 2019-10-02.

  • QN-2569

    Asset class: Local Currency Bonds.
    Asset region: Global Emerging Markets.
    Size: $500m.
    Closing date: 2019-10-10.

Begin Your Search Now