Hurdle rates hit the headlines after Blackstone’s proposed 5 percent for its debut $40 billion infrastructure fund was rebuffed by some of the vehicle’s LPs – with one telling Infrastructure Investor the benchmark was “just not a standard hurdle”. Despite this, the fund hit a first close with a 6 percent rate, with Blackstone joining a select club of managers able to push below the rather sticky ‘standard’ 8 percent.
In this first episode of our Spotlight podcast, Threadmark partner Patricia Wilkinson and PEI senior editors Bruno Alves, Jonathan Brasse and Toby Mitchenall take a look at the state of play across infrastructure, real estate and private equity, to find out what kind of pressure this fund term is really under.
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