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GIP's Credit business manages over $4 billion across three Funds: GIP Capital Solutions I and GIP Capital Solutions II and GIP Spectrum. In January 2024, the investment management corporation BlackRock announced its acquisition of Global Infrastructure Partners for $12.5 billion with Perella Weinberg as financial advisor.
Adebayo Ogunlesi, GIP’s chairman and CEO, is set to join BlackRock’s board once the deal closes. The deal would be BlackRock's largest acquisition since its 2009 purchase of Barclays Global ...
The source familiar with the situation said a private equity firm could be BlackRock's next major acquisition. BlackRock declined comment. ... $450 billion in alternative assets post-GIP acquisition.
[6] GIP also owns Edinburgh Airport, which they bought in 2012, [13] and Nuovo Trasporto Viaggiatori, which they bought in February 2018. [14] In January 2024, BlackRock agreed to buy Global Infrastructure Partners for about $12.5 billion. BlackRock will pay $3 billion in cash and 12 million of its own shares as part of the deal to buy GIP.
Inclusive of the GIP acquisition impact, at present, we'd expect full-year core G&A expense growth to be closer to the high end of the previously communicated range of a low to mid-single-digit ...
BlackRock, Inc. is an American multinational investment company.Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, [3] with US$11.5 trillion in assets under management as of 2024. [2]
In October, BlackRock finalized its $12.5 billion acquisition of investment firm Global Infrastructure Partners and anticipates completing a $3.2 billion purchase of private markets data provider ...
BlackRock inks third big deal this year after scooping up GIP for $12.5 billion and Preqin for $3.2 bln. ... The HPS deal is the latest acquisition for BlackRock, which has been building up its ...