Blackstone’s James: Infra fund to build up to $40 bln over a decade

The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid
  • $40 bln target for infra fund "very long-term"
  • Schwarzman: "We’ve geared it to the private sector"
  • James: "Ton of targets" even without infra bill
Blackstone Group President and COO Tony James expressed confidence that the firm’s infrastructure fund will eventually reach its lofty $40 billion target, despite reports that the first close will come in below $10 billion. “That $40 billion target is a very ...

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