BlackRock has closed its acquisition of Global Infrastructure Partners (GIP), which was announced in January.
According to Alternatives Watch, the acquisition was valued at $3 billion in cash and about 12 million shares of BlackRock common stock.
The combined infrastructure platform will be branded Global Infrastructure Partners (GIP), a part of BlackRock, representing a total of $170 billion in assets under management.
The combination creates an industry leader in infrastructure across equity, debt and solutions, providing a diverse range of infrastructure sector expertise and exposure across developed and emerging markets. The platform will field a 600-person global team that manages a diversified portfolio of more than 300 active investments with operations in more than 100 countries.
GIP will continue to be led by Bayo Ogunlesi and the off
