Blackstone mulls infrastructure fund

Blackstone Group LP8217;s India head said on Wednesday the private equity firm is considering an infrastructure fund, as the industry and the companies that serve it offer excellent value, particularly in India. Akhil Gupta, chairman of Blackstone India, said he expected it would be three months or so before before the firm would be ready to deploy funds, and was bullish on the infrastructure sector8217;s prospects in India, which is desperate for new road, water, and energy projects. 8220;We are thinking of raising an infrastructure fund ourselves,8221; Gupta said.