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BlackRock to acquire First Reserve�(EURO)(TM)s infra business

Feb 01, 2017 - Private Equity International

BlackRock has made another stride towards becoming a dominant infrastructure player by agreeing to buy First Reserve Energy Infrastructure Funds, the infrastructure unit of the eponymous energy buyout specialist, for an undisclosed amount.

The deal will see 37 investment professionals and support staff migrate to the world's largest asset manager, where they will continue to oversee the $3.7 billion of committed capital FREIF manages across two funds. Since 2010, the team has closed 21 inv...