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The Beneficiary Ownership of Infrastructure Systems
Are there any actual owners of these kind of infrastructure systems it's a great question yes. I mean that was a brilliant explanation of something which feels quite convoluted and I'm sure it's deliberately so just to make sure I really get it. Blackstone has bought the network rail arches using an investment fund that it manages but the money in that fund that is used to make that purchase almost none of it is Blackstone's own money roughly on average about 97 98% of that money is money put into that fund by Blackstone's clients.