Blackstone Group closed on its Blackstone Infrastructure Partners fund at $14 billion, the company announced Thursday.
The permanent capital vehicle is focused on all infrastructure sectors, including transportation, energy, communications, and water and waste. The fund was formed in 2017 with a $20 billion long-term matching anchor commitment from the Public Investment Fund of Saudi Arabia.
There are more than 80 investors in the fund, noted Stephen A. Schwarzman, chairman and CEO during Blackstone's earnings call Thursday.
Other investors include the $25.1 billion New Mexico Investment Council, Santa Fe.