BlackRock agreed to buy Global Infrastructure Partners (GIP) for 12.5 billion USD

BlackRock agreed to buy Global Infrastructure Partners (GIP) for 12.5 billion USD and announced in January 2024.

Blackrock CEO Larry Fink thoughts and reasons behind this acquisition are infrastructure long duration, high coupon, inflation protected and this industries servers government needs and companies needs.

The companies in GIP’s equity portfolios have combined annual revenues greater than $80 billion and employ approximately 100,000 people.