Behind the Money
BlackRock goes all in on infrastructure
Jan 24, 2024
BlackRock's CEO Larry Fink discusses the acquisition of Global Infrastructure Partners and its impact on the private capital industry. They explore the journey of GIP's founder Adebayo Ogunlacey and the challenges faced by the industry due to rising interest rates. The podcast also highlights the growing popularity of unlisted investments and their potential inclusion in retirement plans.
17:03
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Quick takeaways
- BlackRock's acquisition of Global Infrastructure Partners marks its expansion into alternative assets and sets a tone for increased partnerships within the private capital sector.
- The BlackRock-GIP deal symbolizes a shift in the private capital industry towards becoming more mainstream and accessible to a wider range of investors.
Deep dives
BlackRock's Acquisition of Global Infrastructure Partners
BlackRock, the asset management giant, recently acquired Global Infrastructure Partners (GIP), a major player in the private capital sector, in a deal worth $12.5 billion. This acquisition marks BlackRock's expansion into alternative assets, such as private credit, private equity, hedge funds, and infrastructure. By merging their existing infrastructure business, BlackRock and GIP have become the second-largest private infrastructure business in the world. This deal not only transforms BlackRock's offerings in the alternative assets space but also sets a tone for increased partnerships and collaborations within the private capital sector.
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