Inside Project Peregrine: Why Blackstone and KKR Bought Into Kuwait’s Oil Pipelines
Reported by Yahoo Finance · finance.yahoo.com · July 31, 2026
The signing of “Project Peregrine” on July 25 marks a historic moment for alternative asset managers in 2026. In the largest foreign direct investment in Kuwait’s history, Blackstone Inc. (NYSE:BX), KKR & Co. Inc. (NYSE:KKR), and Canada’s Brookfield formed a $16 billion infrastructure joint venture to buy a 49% minority stake in Kuwait’s total domestic […]
What the tape says
What to watch: Blackstone Inc. (BX) is involved in M&A activity valued around 49% — deal terms and financing structure matter more than the headline here.
Market reaction today: $BX +0.18%
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