Blackstone has signed a deal to purchase a $1 billion infrastructure portfolio from the Alaska Permanent Fund, people with knowledge of the matter told the Wall Street Journal.
The Alaska Permanent Fund Corp. (APFC) manages the fund. As of July 21, APFC’s private income and infrastructure portfolio was valued at $4.7 billion.
“Several weeks ago, [Blackstone’s Strategic Partners] acquired $1 billion in infrastructure secondary interests, which we believe is the largest ever transaction in the sector,” Jon Gray, Blackstone’s president and COO disclosed in a July 23 earnings call.
The transaction was easily the biggest secondary deal involving infrastructure assets this year through June, according to a survey from Setter Capital, an advisory firm that specializes in secondary transactions.
The announcement comes on the heels of the $3.75 billion final closing of Strategic Partners Infrastructure III, managed by Blackstone’s secondary an
