The largest investment fund in the world in terms of managed assets announced the purchase of the GIP investment fund for $12.5 billion. Global Infrastructure Partners specializes in investments in infrastructure projects: as a result of the transaction, a leading global infrastructure investment platform will be created, BlackRock said. .
The investment fund BlackRock will buy an investment fund focused on infrastructure projects, Global Infrastructure Partners. The deal is worth $12.5 billion and is expected to close in mid-2024, BlackRock said.
Global Infrastructure Partners’ portfolio includes, among other things, investments in the assets of London, Edinburgh, Sydney airports and the ports of Melbourne and Brisbane. GIP has more than $100 billion in assets under management.
The deal will be BlackRock’s largest in 15 years. As a result, a world-leading infrastructure investment platform will be created, BlackRock emphasized.
The American investment fund BlackRock is the largest fund in the world in terms of assets under management. By the end of 2023, the size of these assets increased by $289 billion and reached $10 trillion.
Author:
Kirill Bilyk
Source: RB
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