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How Blackstone Landed $20 Bn From Saudis With Fee And Other Concessions | Business Standard News

by business-standard.com posted 11months ago 45 views
Blackstone made a variety of concessions, the majority of which have remained outside the public's view. : When Saudi Arabia pledged as much as $20 billion to help Blackstone Group LP build the world’s largest infrastructure fund, the kingdom wanted to be rewarded for its unprecedented commitment. One way Blackstone agreed to do just that: For every dollar that any other investor pays the asset manager to oversee its cash, Saudi Arabia gets to pay 15 cents less.

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