Blackstone pitching discounts on $40 bln infrastructure fund: Financial Times

Blackstone is offering discounts, including permanent fee breaks and the ability to make some investments without paying Blackstone anything for six years, to coax investors into its $40 billion infrastructure fund, the Financial Times is reporting. Saudi Arabia has pledge to match up to $20 billion in contributions from other investors to the infra fund. Blackstone hopes to finalize the first investments from other sources, the story said.