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Investors - MARCH 12, 2018

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PSERS commits $500m to Blackstone mega–infrastructure fund

by Jody Barhanovich

The $50.3 billion Pennsylvania Public School Employees’ Retirement System has committed up to $500 million to Blackstone Infrastructure Partners.

Blackstone Infrastructure Partners, managed by New York City–based investment firm Blackstone, invests in infrastructure assets across the energy infrastructure, transportation, water and waste, and communications sectors, with a primary focus in North America.

Blackstone Infrastructure Partners is an open-end fund seeking equity commitments of $7.5 billion during its initial fundraising phase. The fund intends to pursue a focused investment mandate in targeted infrastructure sectors, with a mix of core-plus, core and PPP infrastructure investments, and expects to invest across the broad spectrum of infrastructure sectors, with an initial focus on four primary markets: energy infrastructure, transportation, water and waste, and communications. The fund intends to deploy the majority of its capital in assets located in Nor

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