BlackRock completes purchase of GIP

BlackRock has completed its acquisition of Global Infrastructure Partners.

The combined infrastructure platform will be branded Global Infrastructure Partners (GIP), a part of BlackRock and have around $170 billion AUM. It will consist of a portfolio of around 300 investments covering equity and debt in developed and emerging markets.

Bayo Ogunlesi, Global Infrastructure Partners’ Chairman and Chief Executive Officer, said, “We are excited to embark on this new chapter as Global Infrastructure Partners (GIP), a part of BlackRock, with the goal of creating the premier global infrastructure investing firm. The combination of our institutional intellectual capital, investing and business improvement capabilities, global footprint, corporate and government relationships will allow us to deliver attractive investments for our investors and innovative solutions for our customers.”

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