Blackstone Infrastructure Partners has closed its inaugural fund at $14 billion. BIP targets all infrastructure sectors, including transportation, energy, communications and water and waste. The fund’s investors include public and private pension plans, sovereign wealth funds, insurance companies, foundations and family offices. BIP was launched in 2017 with a $20 billion anchor commitment from the Public Investment Fund of Saudi Arabia.
New York, NY, July 18, 2019 – Blackstone (NYSE: BX) today announced that it has held the final close of its inaugural fundraising phase for Blackstone Infrastructure Partners (BIP). Together with previously announced commitments, this closing brings total commitments for BIP to $14 billion.
BIP is a permanent capital vehicle focused on investing across all infrastructure sectors, including transportation, energy (utilities, midstream and renewables), communications and water and waste. Investors in BIP include a diverse mix of public and private pension plans, sovereign wealth funds, insurance companies, foundations and family offices.
“We are appreciative of the support, confidence and trust Blackstone Infrastructure Partners has received from our valued investors,” said Sean Klimczak, Global Head of Infrastructure at Blackstone. “Our focus on large-scale, high-quality infrastructure businesses with a long-dated investment horizon positions us to be an investment partner of choice. These investments will allow us to deliver much-needed improvements to our nation’s infrastructure, create jobs and enhance America’s economic growth, productivity, and global competitiveness.”
Stephen A. Schwarzman, Blackstone Chairman, CEO and Co-Founder, said “I’m excited by Blackstone Infrastructure Partners’ strong start and have confidence in its ability to have a positive impact on our country’s rapidly aging infrastructure.”
BIP was formed in 2017 with a $20 billion long-term matching anchor commitment from the Public Investment Fund of Saudi Arabia.
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