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Public Investment Fund of Saudi Arabia Commits $20 billion to Blackstone Private Equity

Public Investment Fund of Saudi Arabia Commits $20 billion to Blackstone Private Equity

Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, has committed to pledge $20 billion to American private equity firm, Blackstone. The $20 billion will be invested into a $40 billion fund.

“Public Investment Fund of Saudi Arabia commits $20 billion to U.S. private equity firm Blackstone”

Blackstone expects to invest more than $100 billion, through debt & equity into infrastructure projects, principally in the United States.  The new fund is a strategic partnership between Blackstone and PIF.  The discussion first began in May 2016.

Source: The New Arab, Reuters, CNN Money

 

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https://youtu.be/CyLAzRHv2yk

 

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About Public Investment Fund

The Public Investment Fund is the sovereign wealth fund of Saudi Arabia.  It was originally established in 1971 to invest in commercial projects.  In addition to making select investments in a range of companies and assets domestically and internationally, the Fund has contributed to the establishment of numerous Saudi Arabian companies, supporting innovation, diversification and non-oil sector development in the Kingdom.

Visit: Public Investment Fund

 

About Blackstone

Our investments are designed to preserve and grow our limited partners’ capital, provide financial security for millions of retirees, sovereign wealth funds, and other institutional and individual investors, and contribute to overall economic growth.

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. The firm was founded in 1985 by Stephen A. Schwarzman, our Chairman and Chief Executive Officer, and Peter G. Peterson, who retired as Senior Chairman in 2008.

Thirty years later, we are a firm of nearly 2,300 employees in 25 offices worldwide. Our portfolio companies employ more than 480,000 people across the globe.

Visit: Blackstone

 


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