Blackstone Group is seeking to spin off its maiden global infrastructure fund, Financial News reports. The vehicle, which was rolled out almost two years ago, has raised $350 million from outside investors since its launch. The fund will be spun out to Blackstone managing directors Michael Dorrell and Trent Vichie and will be relaunched next month. Blackstone will provide $50 million of seed investment, refer infrastructure deals and offer back-office functions.

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