From Investing.com:

1. BlackRock Inc. is set to acquire Global Infrastructure Partners for $12.5 billion, expanding its infrastructure assets under management to $150 billion. The deal is expected to close in the third quarter of 2024, subject to regulatory approvals, with a focus on critical energy transition and digital economy sectors.

2. The acquisition aligns with a broader trend in the asset management industry, where firms are pursuing growth through mergers and acquisitions in the infrastructure sector. Data from the Global Fund Performance Report highlights the strong performance and stability of this sector, leading to an increase in infrastructure AUM for asset management companies.

3. BlackRock’s acquisition comes amid other significant transactions in the infrastructure investment space, including CVC Capital Partners’ acquisition of DIF Capital Partners and Investcorp taking control of Corsair Capital’s infrastructure business. This trend illustrates the growing interest and activity in the infrastructure sector.

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Read more: BlackRock to acquire Global Infrastructure Partners for $12.5 billion By Investing.com