Infrastructure
We invest in Core+ and Core infrastructure assets globally. Our goal is to leverage Blackstone’s scale and value-add mindset to drive value creation and economic growth.
Assets Under Management
$69B
Total Enterprise Value of Our Portfolio Companies[1]
$196B
Note: All figures are as of September 30, 2025, unless otherwise indicated.
1. Reflects aggregate Total Enterprise Value (“TEV”) at acquisition of the companies in which Blackstone Infrastructure (including co-invest) owns 20% or more of the equity as of September 30, 2025.
WHAT WE DO
We are an active investor across sectors, including energy transition infrastructure, transportation, digital infrastructure and water and waste.
Long-Term Investors
We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield.
Value-Add Mindset
We seek to drive value enhancement through a disciplined, operationally focused mindset, greater accountability and transparency, and direct engagement throughout the diligence and asset management process.
Responsible Investing
We are committed to being a careful steward of our investors’ capital through our development of resilient companies and competitive assets that support climate solutions and the energy transition and deliver long-term value for our investors.
Applegreen
Applegreen is the largest motorway service area operator in the US and Ireland.[ 2 ] We partnered with Applegreen, alongside its two founders, with the goal of investing behind Applegreen’s geographic and electric vehicle charging expansion. The company has a commitment to sustainability and has installed roughly ~1,400 electric vehicle chargers as of June 2025, with plans to add many more.
Invenergy
Invenergy Renewables is the largest private renewables developer in North America.[ 3 ] Blackstone’s $4.5 billion investment in the company represents the largest recorded equity investment in North American renewables to date.[ 4 ] Invenergy has developed and commercialized 27 GW across approximately 190 wind, solar and storage projects, and works to sustain long-term partnerships with utilities, financial institutions, and commercial and industrial customers.[ 5 ]
ASPI
ASPI is the largest toll road network in Europe by traffic volume and the largest Italian toll road concession, spanning over 3,000 kilometers and covering approximately 50% of the Italian toll motorway system.[ 6 ] We partnered with Cassa Depositi e Prestiti (“CDP”) and Macquarie Asset Management in the acquisition of ASPI and plan to invest significantly over the course of our ownership to improve ASPI’s toll road network. At the time of signing, this represented the largest infrastructure LBO ever globally, and the largest LBO in Europe post Great Financial Crisis. [ 7 ]
Carrix
Carrix is the largest marine terminal operator in North America [ 8 ] and plays a critical role in the global supply chain. As international commerce grows, we believe Carrix’s gateway trade lanes will benefit. We are excited to continue partnering with the company’s leadership team to invest behind future growth.
Phoenix Tower International
Phoenix Tower International (PTI) is a leading private cell tower platform that operates over 29,000 cell towers across the Americas and Europe.[ 9 ] Funds managed by Blackstone Infrastructure Partners acquired a stake in PTI in 2021 to help expand and to strengthen its platform in Europe and the Americas. Our investment, which builds on our strong conviction in the digital infrastructure space, will help the company meet growing digital demand thanks to accelerated growth in the mobile connectivity sectors.
Q&A: Greg Blank on Infrastructure Investing’s Trillion Dollar Opportunities
Greg Blank, CEO of BXINFRA, explains how Blackstone’s investing across the entire energy infrastructure ecosystem, from transmission lines to utilities to pipelines to contracted generation.
Interviewing AI on Blackstone’s Investments in Data Centers
Head of Digital Infrastructure for Blackstone Real Estate Mike Forman and Chief Executive Officer of Blackstone Infrastructure Strategies Greg Blank discuss our global data center strategy with a special guest — AI.
Investing in the Picks and Shovels of AI
The rise of AI is unlocking historic opportunities in the infrastructure and technologies that enable it. We’re using our scale and expertise to invest in the “picks and shovels” shaping its future.
