Institutional investors in South Korea have poured €90 million ($104 million) into a coinvestment strategy established alongside BlackRock’s Global Infrastructure Solutions 4 fund.
According to The Korea Herald, Seoul-based IPM Asset Management created the vehicle for Korean investors to tie in their capital with BlackRock‘s strategies and capture more investment opportunities than a conventional allocation would allow.
BlackRock‘s Global Infrastructure Solutions 4 fund is believed to have raised €1 billion ($1.2 billion), and will invest in roads, water-treatment facilities, new- and renewable-energy platforms, data centers, and logistics warehouses in Europe and the United States.
The vehicle already has invested in a cold-storage facility in North America, and infrastructure related to salmon farming in Europe.
