BlackRock Real Assets Achieves a US$1.67 Billion Final Fundraise for Inaugural Global Infrastructure Debt Strategy
BlackRock Real Assets announced a successful fundraising of US$1.67 billion for its Global Infrastructure Debt Fund (GID), exceeding the initial target by over three times. The fund attracted commitments from more than 20 institutional investors, including major insurance companies and pension funds from the US, Canada, Japan, and Korea. GID focuses on infrastructure investments in developed markets, aiming for stable income amidst global uncertainties. With an experienced team managing US$16.6 billion in client commitments, BlackRock aims to leverage its extensive origination capabilities for future investment opportunities.
- Fund raised US$1.67 billion, exceeding initial target by over three times.
- Attracted over 20 institutional investors, indicating strong market confidence.
- Focus on resilient infrastructure assets provides potential for uncorrelated income.
- None.
BlackRock Real Assets has achieved a US
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
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
The successful fundraise demonstrates the continued appeal of infrastructure debt investments for institutional investors, due to their potential for attractive income and portfolio diversification benefits. With regulatory and budget pressures limiting traditional bank and government lending in infrastructure, the opportunity for private investment has increased, with institutions looking to partner with experienced firms such as BlackRock, whose scale and resources provides access to a global opportunity set.
Jeetu Balchandani, Global Head of Infrastructure Debt at BlackRock, commented, “We are delighted with the success of our inaugural high yield fundraise. It is a testament to the team’s ability to deliver strong performance for our clients, leveraging our unique direct origination capability to meet the ever-growing desire for resilient infrastructure asset exposure. The team is working hard to close several attractive investment opportunities across key sectors, including digital infrastructure, which has emerged as a star of the pandemic. With an extensive forward investment pipeline, we believe we are poised to take advantage of opportunities across all major markets.”
Anne Valentine Andrews, Global Head of BlackRock Real Assets, added, “As one of the largest infrastructure debt platforms in the world, we have natural and direct access to multiple origination channels and the ability to invest at scale to influence deal terms and pricing for the benefit of our clients. The Global Infrastructure Debt Fund continues to provide investors with the agility and resiliency they seek, which has made this an especially important fundraise through the pandemic.”
As one of the world’s largest dedicated infrastructure debt providers, BlackRock Infrastructure Debt seeks to be positioned as a preferred lender for sponsors and borrowers seeking custom fit financing solutions on a direct basis, leveraging the team’s 20+ years of buy- and sell-side experience across senior members to both structure and execute deals. BlackRock’s infrastructure debt platform is differentiated as a true fiduciary manager that exclusively invests third party capital, ensuring that client objectives are at the center of all investment decisions.
As of March 31, 2021, BlackRock’s Infrastructure Debt platform has invested in over 125 projects across 18 countries in 4 continents. The 28-person team is based in New York, London, Bogota, and Hong Kong, enabling access to diverse opportunities for clients across the globe.
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About BlackRock Real Assets
In today’s dynamic and complex global investing market, BlackRock Real Assets seeks to help clients access real assets that could help meet their investment goals by providing a distinct range of well defined, outcome orientated strategies, along the investment risk-return spectrum.
BlackRock Real Assets’ dedicated teams of industry and sector specialists deliver global reach, with deep local expertise. They have decades of relevant experience, are deeply embedded in their operating industries by sector and geography and have developed strong partnership networks over time. BlackRock’s culture of risk management, knowledge sharing and investment discipline sets BlackRock Real Assets apart and underpins all that they do. With over 390 professionals in 30 offices managing over US
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FAQ
What is the total amount raised by BlackRock's Global Infrastructure Debt Fund?
How many investors contributed to the Global Infrastructure Debt Fund?
What markets does the Global Infrastructure Debt Fund target?
What is the current management commitment for BlackRock's infrastructure debt investments?
What type of assets does the Global Infrastructure Debt Fund focus on?
