Blackstone Lands $20 Billion Saudi Commitment for New Fund

The transcript discusses Blackstone's $20 billion investment from Saudi Arabia, highlighting the fee concessions made to secure the deal. It also covers the significance of a $40 billion infrastructure fund and the economic influence of Saudi Arabia, particularly in the oil and financial sectors. The discussion extends to Saudi investments in technology, including SoftBank's Vision Fund and potential deals with Elon Musk.

What did Blackstone sacrifice to secure the $20 billion investment from the Saudis?

• Equity in their company

• A portion of their fees

• Control over their operations

• Their flagship private equity fund

How does the concept of a 'volume discount' apply to large investments like those from CalPERS?

• Investors receive more shares

• Investors get exclusive rights

• Investors pay higher fees

• Investors negotiate lower fees

In addition to the oil industry, in what other sector are the Saudis considered a massive economic force?

• The money business

• Real estate

• Manufacturing

• Technology

What significant contribution did the Saudis make to SoftBank's Vision Fund?

• $100 billion

• $10 billion

• $45 billion

• $20 billion

How has the perception of securing large investments from the Saudi government changed over the past year?

• It is seen as a risk

• It carries less weight

• It has become more prestigious

• It is considered a failure