Blackstone, Brookfield and KKR use insurer capital for $16 billion Kuwait deal

The firms used insurance-backed financing for the debt portion of the pipeline transaction, according to Bloomberg

Blackstone, Brookfield Asset Management and KKR used insurance industry capital to finance a substantial portion of a $16 billion pipeline transaction in Kuwait, Bloomberg reported.

The three investment firms chose insurance-backed financing for the debt portion of the deal, according to people familiar with the matter who requested anonymity because the information was private.

Bloomberg described the financing structure as unusual for a Middle Eastern infrastructure transaction.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Blackstone, Brookfield Asset Management and KKR used insurance industry capital to finance a substantial portion of a $16 billion pipeline transaction in Kuwait, Bloomberg reported.

The three investment firms chose insurance-backed financing for the debt portion of the deal, according to people familiar with the matter who requested anonymity because the information was private.

Bloomberg described the financing structure as unusual for a Middle Eastern infrastructure transaction.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.