Behind the Money

BlackRock goes all in on infrastructure

BlackRock chief executive Larry Fink has been on the hunt for the money manager’s next “transformational” deal. Earlier this month, Fink revealed that he had finally found it with the acquisition of a private capital firm, Global Infrastructure Partners. The FT’s US financial editor Brooke Masters and US private capital correspondent Antoine Gara explain why BlackRock wanted GIP, and how this deal sets the agenda for Wall Street this year.  Clips from CNBC - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:<a href="https://www.ft.com/content/8f1c7825-425e-4bae-8909-da3db52cc8d1" rel="noopener noreferrer" target="_blank">How the $12.5bn BlackRock-GIP deal is set to shake up investment management</a><a href="https://www.ft.com/content/d1c65335-8e9a-44a0-b122-220a18dcc937" rel="noopener noreferrer" target="_blank">How Adebayo Ogunlesi’s contrarian bet led to $12.5bn BlackRock tie-up</a> <a href="https://www.ft.com/content/5fde416d-9cca-4bb1-94a5-d92441f6f351" rel="noopener noreferrer" target="_blank">Infrastructure funds draw billions of dollars as energy and supply chains shift</a>- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Antoine Gara (<a href="https://twitter.com/AntoineGara" rel="noopener noreferrer" target="_blank">@AntoineGara</a>), Brooke Masters (<a href="https://twitter.com/brookeamasters" rel="noopener noreferrer" target="_blank">@brookeamasters</a>) and Michela Tindera (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>), or follow Michela on LinkedIn for updates about the show and more. <a href="https://www.ft.com/content/20384ea9-41ea-417e-8f7b-0580db09dcfd" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.