Enhances Local Infrastructure Investment Capabilities in Mexico
NEW YORK & MEXICO CITY--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE:BLK) has closed the acquisition of Infraestructura
Institucional, an independently managed infrastructure investment firm
with extensive experience investing across a broad range of
infrastructure projects in Mexico and approximately $750 million of
invested and committed capital.
The acquisition expands BlackRock’s capabilities in Mexico and enhances
the company’s ability to offer attractive infrastructure investment
opportunities to clients around the world.
BlackRock’s infrastructure platform manages approximately $7.5 billion
globally and includes a team of more than 80 professionals across eight
different offices. With a combination of deep country knowledge, local
investment and sector expertise, global reach and a rigorous and
comprehensive risk management culture, BlackRock is uniquely positioned
to provide a wide range of solutions in infrastructure investing for
local and international clients.
This strategic acquisition builds on BlackRock’s decade-long presence
and ongoing commitment to Mexico. Through its global platform, BlackRock
currently manages $23 billion in assets for Mexican clients and delivers
the firm’s comprehensive range of local and international investment
solutions to institutional and wealth clients.
This transaction represents another step towards establishing
BlackRock’s infrastructure investment capabilities in Latin America and
brings to BlackRock a proven team with extensive experience investing
across a range of infrastructure project types in Mexico including
transportation, energy and social infrastructure.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
June 30, 2015, BlackRock’s AUM was $4.721 trillion. BlackRock helps
clients meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City. As of June 30, 2015, the
firm had approximately 12,400 employees in more than 30 countries and a
major presence in key global markets, including North and South America,
Europe, Asia, Australia and the Middle East and Africa. For additional
information, please visit the Company’s website at www.blackrock.com
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BlackRock Latin America & Iberia
BlackRock has $95 billion of AUM in Latin America and Iberia, of which
$23 billion are managed for Mexican clients, with more than 150
employees across offices in Mexico, Brazil, Chile, Colombia and Spain.
As a result of the acquisition, the firm’s Mexico office now includes 50
individuals who deliver the firm’s institutional and wealth clients a
comprehensive range of local and international investment solutions and
risk management services.
BlackRock Infrastructure
With deep industry expertise, demonstrated access to proprietary deal
flow and a purely fiduciary mindset, our experienced investment
professionals leverage BlackRock’s unparalleled risk management
capabilities and global reach to deliver compelling investment
opportunities to meet our clients’ needs. BlackRock provides investors
with infrastructure equity and debt investments via Funds,
Co-Investments, Managed Accounts and Multi Manager strategies and
currently has approximately $7.5 billion in invested and committed
assets. Our team of infrastructure investment professionals is based in
New York, London, Dublin, Mexico, Paris, Seattle, Stockholm and Zurich.
MX-1465 / 10-2015
View source version on businesswire.com: http://www.businesswire.com/news/home/20151012005914/en/
BlackRock
US Media:
Tara McDonnell, 1-212-810-5337
tara.mcdonnell@blackrock.com
or
Mexico
Media:
Javier Gonzalez Perez, 52-555-241-4352
javier.gonzalezperez@blackrock.com
Source: BlackRock, Inc.