Saudi Arabia’s sovereign wealth fund received lucrative 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 […]
source https://therealdeal.com/2018/10/22/blackstone-gave-saudi-sovereign-wealth-fund-lucrative-discounts-to-invest-in-record-40b-infrastructure-fund/
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