Stories

SaveSave story

Blackstone says infrastructure plan not reliant on Trump

Mary Altaffer / AP

Tony James, president of The Blackstone Group, said in a media call this morning that his firm's new infrastructure investment effort will not be impacted by whether or not President Trump's promised $2 trillion infrastructure plan comes to fruition:

"We think that based on today's market conditions, today's regulations and today's market that there's a huge opportunity for the fund we're raising. There has been around $9 billion of opportunity we've been unable to action in just the past year, that would have gone into this fund."