BlackRock Bets on Infrastructure in Latest Acquisition ...Middle East

BlackRock, one of the world’s largest global asset management companies, is betting on infrastructure by acquiring Global Infrastructure Partners (GIP), the world’s largest independent infrastructure manager with over $100 billion in assets under management. BlackRock is acquiring GIP for $3 billion in cash and approximately 12 million shares of BlackRock common stock. According to BlackRock, infrastructure, a $1 trillion market today, is forecast to be one of the fastest-growing segments of private markets over the next three years. The asset management giant sees an acceleration in infrastructure investment happening currently, including demand for upgraded digital infrastructure, such

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