Blackstone open-ended infrastructure fund raises $14bn at inaugural stage
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AMC Executive Search
AMC Executive Search
A strong statement of institutional investor appetite in global Infrastructure with yet another mammoth fundraise by Blackstone for their first open-ended infrastructure. This is backed up by other significant fundraising efforts by Global Infrastructure Partners and Brookfield who are both set to close $20 billion Infrastructure funds later this year.
In total, $34bn of capital has been raised in the first half of 2019 by the 10 largest private infrastructure funds. Such statistics project that 2019 will surpass all previous full year fundraising efforts at a record $100bn by year end!
Blackstone has raised $14bn (€12.5bn) for its first open-ended infrastructure fund.
Blackstone Infrastructure Partners (BIP) fund received the total amount during the final close of its inaugural fundraising phase, half of which had been raised from the Public Investment Fund (PIF) of Saudi Arabia and the remaining from third-party investors.
Blackstone said it received the capital commitment from a diverse mix of public and private pension plans, sovereign wealth funds, insurers, foundations and family offices.
BIP is a permanent capital vehicle focused on investing across all infrastructure sectors, including transportation, energy, communications and water and waste.
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