Money Makers Mentor

Blackstone to Acquire Alaska Permanent Fund Infrastructure Assets

Blackstone Group Inc. (NYS: BX) recently agreed to buy a $1 billion infrastructure investment portfolio from Alaska Permanent Fund Corp. The transaction was the largest secondary deal involving infrastructure assets this year through June.


Blackstone is a multinational private equity firm that invests capital on behalf of pension funds, large institutions, and individuals. As the largest alternative investment firm globally, Blackstone specializes in private equity, real estate, credit and hedge fund as well as infrastructure investment strategies.

During an earnings call, Jon Gray, president and chief operating officer of Blackstone, said that the firm’s Strategic Partner unite made the large secondary deal involving infrastructure assets.

“Several weeks ago, [Stra…

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