Blanche Says $1.8 Billion Fund Will Not Proceed, NYT Reports

The New York Times reports a statement from Blanche. Blanche says the $1.8 billion fund is “not moving forward.” The comment addresses the status of the fund. No indication is given that the fund will be revived. The announcement was made public in a recent article. The statement suggests a halt to any further activity. Stakeholders are left without a clear timeline. Observers will watch for any future updates.