NEW YORK, N.Y., July 18, 2019-– Blackstone (NYSE: BX) today announced that it has held the final close of its inaugural fundraising phase for Blackstone Infrastructure Partners (BIP). Together with previously announced commitments, this closing brings total commitments for BIP to $14 billion. BIP is a permanent capital vehicle focused on investing across all infrastructure sectors, including transportation, energy (utilities, midstream and renewables), communications and water and waste. Investors in BIP include a diverse mix of public and private pension plans, sovereign wealth funds, insurance companies, foundations and family offices.