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BlackRock Enters New League With $450B in Alternative Assets
By
Silla Brush
News October 11, 2024 at 03:22 PM
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What You Need To Know
- The closing of the firm's $12.5 billion acquisition of Global Infrastructure Partners adds $116 billion in assets to the firm.
- With the boost from GIP, BlackRock's alternative assets tally now puts it closer to industry leaders like Blackstone, Apollo and KKR.
- BlackRock also is sitting on a $70 billion opportunity to grow in private credit if it flipped just 10% of its insurance clients' money.
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