Blackstone is struggling to raise money for the massive, Saudi-backed infrastructure fund it trumpeted last year (BX)

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April 5, 2018 7:06 PM

Blackstone Group is struggling to raise money for its massive infrastructure fund in partnership with Saudi Arabia. Why have investors been hesitant to dive in?

Blackstone Group is struggling to raise money for its massive infrastructure fund in partnership with Saudi Arabia,
The firm was targeting a $40 billion fund, half-backed by the Saudi government, but it has struggled to raise the other $20 billion in matching funds.
To date, Blackstone has only raised $575 million of the match amount, less than 3% of what it was targeting.

Private-equity giant Blackstone Group is struggling to raise money for the massive, Saudi-backed infrastructure fund that the firm unveiled last May, according to a report by Kate Kelly and Andrew Ross Sorkin in The New York Times.

Blackstone unveiled the $40 billion fund for US infrastructure projects amid President Donald Trump's visit to Saudi Arabia last year. The Saudi

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