BlackRock has entered into an agreement to acquire Global Infrastructure Partners (GIP) for $3 billion.
The more than $150 billion combined business will seek to deliver clients market-leading, holistic infrastructure expertise across equity, debt and solutions at substantial scale.
Founded in 2006, independent infrastructure investor GIP manages more than $100 billion in client assets across infrastructure equity and debt, with a focus on energy, transport, water and waste, and digital sectors. GIP’s performance has been driven by proprietary origination, operational improvements and timely exits. The company has successfully scaled their global equity flagship series, with the most recent fully invested flagship fund in 2019 surpassing $22 billion.
The GIP management team, led by Bayo Ogunlesi and four of its founding partners, will lead the combined infrastructure platform.
BlackRock’s more than $50 billion of infrastructure client assets under man
