Blackstone is preparing to commit £100bn ($129bn) to UK investments over the next decade, in one of the largest private equity pledges ever made in the market, SkyNews reports.

The announcement is expected to coincide with US President Donald Trump’s state visit this week.

The £100bn commitment forms part of a $500bn European investment programme unveiled by Blackstone in June and will span private equity buyouts as well as other asset classes. According to people familiar with the matter, the agreement was finalised following talks with Downing Street.

The pledge will add to a wave of UK-US partnerships announced in recent days across sectors such as financial services, nuclear power, and artificial intelligence.

Blackstone, which already owns a wide range of British assets including stakes in Legoland’s parent company and major real estate holdings, remains one of the country’s most prolific investors. Last week, the firm secured victory in a £490m takeover battle for Warehouse REIT, the London-listed logistics operator.

By tying the commitment to Trump’s state visit, the announcement is intended to spotlight UK-US economic ties at a politically sensitive moment.

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