Sun, Aug 1, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BlackRock raises $1.7bn for new infrastructure debt fund

Tuesday, June 15, 2021

Laxman Pai, Opalesque Asia:

BlackRock Real Assets has raised $1.67bn for its inaugural global infrastructure debt strategy to finance data centers, toll roads, wind energy, and other infrastructure projects around the world.

BlackRock wrapped up its Global Infrastructure Debt (GID) Fund at more than three times its initial goal, the New York firm said. The total amount raised includes $150 million in capital for co-investment deals.

The fund has seen commitments from over 20 institutional investors, including leading global insurance companies, public and private pension funds, and family offices, from the United States, Canada, Japan, and Korea, representing more than three times the initial fundraising target.

BlackRock Real Assets established its infrastructure debt investment capability in 2013 and has an extensive track record across both investment grade and high yield infrastructure debt. Today, the GID team manages US$16.6 billion in global client commitments, which represents approximately one-quarter of BlackRock Real Assets' total client commitments.

According to a press release from the American multinational investment management corporation, GID is BlackRock's first commingled fund offering in the high-yield infrastructure debt market, complementing the firm's existing capabilities across the capital structure in senior debt and equity. The fund sits alongside US$1.3 billion managed through investment-grade commingled funds.

GID targets infra......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Distressed-debt funds get no love as credit problems disappear[more]

    From Bloomberg: Private debt investors are turning away from distressed funds amid shrinking opportunities to profit from troubled companies. Investors were less keen to put their money to work in funds that target distressed credits in the past quarter than a year ago, according to a poll of

  2. Investing: Cathie Wood's Ark Invest abandons Chinese tech stocks amid regulatory crackdown[more]

    From Business Insider: Cathie Wood's Ark Invest has slashed its exposure to Chinese tech stocks amid an ongoing regulatory crackdown, according to Ark's daily trading updates. Ark's flagship Disruptive Innovation ETF has seen its exposure to Chinese stocks fall to less than 1% from a high of 8

  3. SPACs: SEC abruptly kills Ackman's controversial SPAC plans, Bill Ackman rejigs Universal deal after regulators probe SPAC plan, SPAC-ing the Southeast Asia story, SPAC deals will rebound for remainder of 2021[more]

    SEC abruptly kills Ackman's controversial SPAC plans From Institutional Investor: The Securities and Exchange Commission has killed Bill Ackman's special purpose acquisition company's complicated plan to invest in Universal Music Group. On Monday, his SPAC, Pershing Square Tontin

  4. New Launches: Apollo investors look past Black-Epstein tie to back impact fund, Leeds Equity closes in on $1.25bn for its seventh buyout fund, Schroders Capital surpasses $389m for its fifth European infrastructure senior debt fund, Neuberger Berman closes NB Private Equity Impact Fund at nearly $280m, HSBC AM launches fintech venture capital strategy, Slate rounds up close to $600m for first credit fund, Trifecta Capital raises $130m for close of VC fund, Lumira Ventures closes on $255m of new capital to build transformative healthcare companies[more]

    Apollo investors look past Black-Epstein tie to back impact fund From Bloomberg: The backlash against Apollo Global Management Inc. over Leon Black's ties with sex offender Jeffrey Epstein is waning, with investors lining up to entrust the firm to manage investments dedicated to social

  5. Investing: Tiger Global: The technology investor ruffling Silicon Valley feathers, Addepar raised $150m from hedge fund D1[more]

    Tiger Global: The technology investor ruffling Silicon Valley feathers From FT: For the first 15 years of running Tiger Global Management, Chase Coleman wore a suit every day in the hopes that investors would look past his inexperience. Today, his firm faces a different kind of reputat