ITE Management has received a strategic minority investment from funds managed by Blackstone Credit & Insurance (BXCI).
BXCI and ITE also launched a strategic forward flow partnership, with BXCI targeting to provide ITE with up to $2 billion of capital for investments and financing over the initial phase of partnership. ITE, with more than $10 billion in assets and more than 70 investment and operating professionals, focuses on asset-backed investments, primarily in the transportation infrastructure sector, most notably: rail, intermodal, specialty aviation, port and infrastructure equipment, and electric vehicles.
“This investment and partnership with Blackstone is recognition of ITE’s leading position in transportation infrastructure finance and the growing opportunity set within the sector,” said Jason Koenig, co-founder of ITE. “Our firm will benefit from Blackstone’s debt and equity financing as well as its expansive global network.”
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