BlackRock to Purchase World Infrastructure Companions for $12.5 Billion

BlackRock has agreed to purchase private-equity agency World Infrastructure Companions for roughly $12.5 billion in money and inventory, a major push into private-market investments for the world’s largest asset supervisor.

New York-based GIP owns and operates vitality, transportation, and water and waste firms, together with a stake in London’s Gatwick Airport. The acquisition can be BlackRock’s largest because it purchased Barclays’s asset administration enterprise in 2009.