By Ted Bunker and Preeti Singh

Blackstone Group Inc. is buying a nearly $1 billion infrastructure investment portfolio from Alaska Permanent Fund Corp., according to a person familiar with the matter. The person said Blackstone signed the deal a few weeks ago.

Jon Gray, Blackstone's president and chief operating officer, said during an earnings call Thursday that the firm's Strategic Partners unit had made a large secondary deal involving infrastructure assets.

"Several weeks ago, [Strategic Partners] acquired $1 billion in infrastructure secondary interests, which we believe is the largest-ever transaction in the sector," Mr. Gray said on the call. He didn't elaborate or identify the seller.

(MORE TO COME)

Write to Ted Bunker at ted.bunker@wsj.com and Preeti Singh at preeti.singh@wsj.com

(END) Dow Jones Newswires

July 23, 2020 13:50 ET (17:50 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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