NEW YORK—Blackstone has held the final close of its inaugural fundraising phase for Blackstone Infrastructure Partners. Together with previously announced commitments, the closing brings total commitments for the fund to $14 billion.
BIP will invest across all infrastructure sectors, including transportation, energy (utilities, midstream and renewables), communications and water and waste, namely large-scale, infrastructure businesses with a long-dated investment horizon. Investors in BIP include public and private pension plans, sovereign wealth funds, insurance companies, foundations and family offices.
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