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Posted on: Oct. 22, 2018, 3:01 p.m.
Saudi Arabia’s sovereign wealth fund received discounts from the Blackstone Group last year when it pledged $20 billion for the private equity firm’s record infrastructure fund. The perks all add up to large discounts on management fees, Bloomberg News reported. If Blackstone’s fund reaches its target of $40 billion, for example, the Saudis will pay annual management fees of roughly $111 million, while investors staking the other half of the fund will together pay about […] Full investment news articleRelevent to this post: Pennsylvania Public School Employees' Retirement System Blackstone Group,