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Blackstone Inc. has successfully raised more than $1 billion for its new infrastructure fund aimed at wealthy individuals, marking one of the largest initial fundraises in this sector. This move signifies Blackstone's shift from traditional private equity, catering increasingly to individuals and wealth clients. The fund, led by Greg Blank, is designed for investments in infrastructure projects like bridges and data centers, offering a quarter-based withdrawal option, albeit with a higher management fee compared to mutual funds.
Source: YAHOO