BlackRock is to acquire Global Infrastructure Partners (GIP), potentially creating an infrastructure fund manager with more than $150 billion (€137 billion) in assets under management (AUM).
BlackRock, the world’s largest asset manager, said it would buy GIP, the third-largest infrastructure fund manager, for $3 billion in cash and approximately 12 million shares of BlackRock common stock.
According to IPE Real Assets Top 100 ranking of infrastructure fund managers, BlackRock came 17th last year, with an infrastructure AUM of €27.7 billion, while GIP was third with €82.3 billion. With a combined AUM, the new entity would still trail the two largest firms, Macquarie and Brookfield.
Source: realassets.ipe.com on the 12th of January
https://realassets.ipe.com/news/blackrock-to-buy-global-infrastructure-partners-to-create-150bn-giant/10070985.article