BlackRock is making a bold move by investing billions in infrastructure, according to Larry Fink, the CEO of the world’s largest asset manager. BlackRock recently announced its acquisition of Global Infrastructure Partners for $12.5 billion, making it the third-largest infrastructure investor globally. This move has generated excitement in the industry, with other private equity firms also making significant investments in infrastructure. The infrastructure investment business has seen substantial growth over the past decade, with assets under management in infrastructure funds reaching $1.3 trillion. The industry’s attractive returns and stability have attracted pension funds and sovereign-wealth managers, leading to an increase in infrastructure investment. The infrastructure revolution is gaining momentum, and BlackRock’s strategic acquisition is a testament to the industry’s potential.
Source: www.economist.com
