Blackstone Secures “Enormous” Saudi Investment for US Infrastructure Projects

The New York Times reports that Blackstone, an investment company run by Trump supporter Stephen Schwarzman, secured an “enormous” Saudi investment in a new infrastructure fund that will focus primarily on US projects. The $20 billion deal, announced on the eve of the president’s visit with Saudi Arabian leaders, represents “about half of the capital Blackstone plans to raise for the fund,” according to The Times.