INSUBCONTINENT EXCLUSIVE:
BlackRock, a global asset management leader, has announced a significant acquisition of Global Infrastructure Partners (GIP) for $12.5
billion.This move positions BlackRock at the forefront of investments in energy, transportation, and infrastructure.The deal, set to close
(Photo Internet reproduction)Fink highlighted the growing need for private capital in infrastructure against high government deficits.This
$10 trillion.Fink has always focused on making public company indices accessible to all investors
The GIP deal indicates a shift towards premium funds supporting large, complex projects.BlackRock aims to be a comprehensive investment
industry-leading entity, surpassing major competitors.Infrastructure investments attract investors due to their potential to fill a global
spending gap projected at $15 trillion.Despite downturns in other sectors, infrastructure fundraising saw growth in 2022
portfolio with over $80 billion in annual revenues
Post-acquisition, five GIP founding partners will join BlackRock.In addition, the firm plans to issue debt for the cash portion of the deal
and defer some shares.Perella Weinberg Partners and Evercore Inc
advised BlackRock and GIP, respectively, on this strategic acquisition.
