Blackstone Forms New Fund Focused on Water in Emerging Markets

Blackstone’s new fund, called Global Water Development Partners, will invest hundreds of millions of dollars in desalination and wastewater treatment projects to help emerging market countries meet their growing need for clean water.

The investment team will be led by the former Global Head of the International Finance Corporation’s (IFC) Water and Wastewater Group, Usha Rao-Monari, and Lars Thunell, former Chief Executive Officer of the IFC.

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