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In October, BlackRock finalized its $12.5 billion acquisition of investment firm Global Infrastructure Partners and anticipates completing a $3.2 billion purchase of private markets data provider ...
In January 2024, the investment management corporation BlackRock announced its acquisition of Global Infrastructure Partners for $12.5 billion with Perella Weinberg as financial advisor. This move aims to tap into the infrastructure market, forecasted to be one of the fastest-growing segments of private markets in the years ahead.
In October, the New York-based firm finalized its $12.5 billion acquisition of infrastructure investment firm Global Infrastructure Partners and anticipates completing the $3.2 billion purchase of ...
The HPS deal is the latest acquisition for BlackRock, which has been building up its alternatives platform. ... In October, BlackRock closed its $12.5 billion buy of PE firm Global Infrastructure ...
The partnership's first acquisition was a $295 million buyout of Prime Succession from GTCR. [27] [28] [29] In 1995, Blackstone sold its stake in BlackRock to PNC Financial Services for $250 million. Between 1995 and 2014, PNC reported $12 billion in pretax revenues and capital gains from BlackRock.
The HPS deal is BlackRock's third sizable acquisition in 2024, and all involved a deeper push into alternative assets. Earlier this year, it agreed to buy London data provider Preqin for $3.2 ...
BlackRock, Inc. is an American multinational investment company.Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, [3] with US$11.5 trillion in assets under management as of 2024. [2]
BlackRock is buying independent infrastructure fund manager Global Infrastructure Partners in a cash-and-stock deal valued at more than $12 billion. The deal announced Friday includes $3 billion ...