Blackstone Group has plans to launch an open-ended infrastructure fund, seeking as much as $10 billion to supplement a $20 billion anchor commitment for the pool before it starts investing, according to Bloomberg.
The firm is planning to start with $5 billion of outside capital and as much as $5 billion from clients with separately managed accounts. The anchor commitment is from Saudi Arabia’s Public Investment Fund.
It will invest in different types of projects and will focus on energy, transportation, communications, and water and waste facilities