Blackstone Scores $20 Billion from Saudi Arabia

May 23, 2017 by Loch Adamson

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This week, New York-based alternatives giant the Blackstone Group reaps the benefit of President Trump's official visit to Saudi Arabia with an annoucement of a $20 billion commitment from the Public Investment Fund; Alaska's sovereign wealth fund seeks to make more US-focused infrastructure investments as momentum builds; and Mubadala Investment Co. confirms that it will allocate $15 billion in the SoftBank Vision Fund, which has just closed with $93 billion in committed capital. Blackstone Emerges Victorious from Trump’s Visit to Riyadh As President Donald Trump left Riyadh on Sunday night, the real winner to emerge in the wake of his 48-hour visit to Saudi Arabia was New York-based alternatives giant the Blackstone Group. On Saturday, May 20, Blackstone announced that it had signed a memorandum of understanding with the Public Investment Fund, one of Saudi Arabia’s largest sovereign wealth funds, which has committed to providing $20 billion as…

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