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Blackstone Group | Saudi Arabia Sovereign Wealth Fund

by therealdeal.com posted 11months ago 37 views
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 ... [more]

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