Blackstone and KKR Finalize $16 Billion Kuwait Pipeline Deal; Brookfield Expands

Major private equity firms Blackstone, Brookfield, and KKR have finalized a landmark $16 billion deal to acquire a stake in Kuwait’s oil pipeline infrastructure. The agreement represents one of the largest infrastructure plays in the Middle East this year, highlighting a continued appetite for stable, cash-flowing energy assets despite the global push toward renewables and short-term volatility in crude prices.

In a separate move, Brookfield has solidified its position in the energy transition space by agreeing to a $7 billion deal for Aypa, a leading battery storage firm. The firm is also reportedly seeking a $380 million industrial portfolio in Singapore, underscoring a diversified aggressive expansion strategy. Meanwhile, the public markets welcomed Eli Lilly-backed Scribe Therapeutics, which saw its shares soar 44% in its trading debut following an upsized IPO, signaling that appetite for high-quality biotech remains robust.