BlackRock Enters New League With $450B in Alternative Assets

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.