BlackRock acquires Global Infrastructure Partners for $12.5bn in private markets push

Creation of $150bn platform

Cristian Angeloni
clock • 2 min read

BlackRock has acquired fund manager Global Infrastructure Partners for a total of $12.5bn, in a bid to expand its private markets offering.

The deal will see BlackRock pay $3bn in cash and around 12 million shares of BlackRock common stock, with 30% of the stock payable after five years, subject to the satisfaction of certain post-closing events. BlackRock plans to cut 3% of global workforce - reports At completion, the combination of GIP's $100bn of client assets with BlackRock's $50bn infrastructure operation will create a $150bn infrastructure platform spanning equity, debt and solutions. The platform will be led by GIP founding partner, CEO and chair Bayo Ogunlesi and four other founding partners. Once the deal ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Companies