Blackstone, Lunate team up to launch $5B investment platform

Blackstone, the world’s largest alternative asset manager, is joining forces with Abu Dhabi’s Lunate to launch a $5 billion logistics investment platform across the Middle East.

The new venture, called GLIDE, will focus on developing new “Grade A” logistics assets and evaluate selective acquisitions and sale-and-leaseback transactions, the investment firms said on Monday.

Lunate is an Abu Dhabi-backed alternative investment manager founded in 2023 that oversees over $110 billion in assets. “This partnership combines global scale with regional expertise to unlock a market ready for transformation,” Lunate Managing Partner Khalifa Al Suwaidi said.

Jon Gray, Blackstone’s President and Chief Operating Officer, said the venture will capitalize on Lunate’s growing presence in the Gulf.

“The profound economic transformation underway in the GCC, driven by pro-growth policies, favorable demographic shifts and broad-based economic diversification, is creating powerful momentum for sectors like logistics,” Gray said.