[The African Monetarist]

BlackRock bets

billions on

infrastructure.

 

 

 

 

 

 

The world’s largest asset manager, BlackRock, has acquired Global Infrastructure Partners (GIP), established in 2006 by a distinguished Nigerian lawyer and investment banker Adebayo Ogunlesi, in a transaction valued at approximately $12.5 billion, comprising cash and stock. This strategic move reflects BlackRock‘s heightened emphasis on infrastructure as a compelling long-term investment opportunity. The acquisition positions BlackRock to consolidate its presence in the infrastructure sector, signaling noteworthy developments for investors with a focus on Africa.

 

Under the terms of the agreement, the management team of GIP will assume leadership of a consolidated infrastructure private markets investment platform within BlackRock. This platform aspires to emerge as the foremost provider of comprehensive infrastructure solutions for global corporations and the public sector, leveraging enduring relationships to mobilize long-standing private capital.

 

GIP oversees a portfolio exceeding USD$100 billion in client assets, encompassing infrastructure equity and debt. The firm concentrates its investments in sectors such as energy, transport, water and waste, and digital infrastructure.

 

Adebayo Ogunlesi‘s illustrious career, and achievements and influence make him a commendable figure, particularly inspiring for the younger generation in Nigeria and across the African continent.

 

Notably, Ogunlesi’s illustrious career, and business achievements has inspired a younger generation across the #African continent and garnered acknowledgments in Burna Boy‘s 2020 hit single ‘Wonderful,’ where the artist lauds his business success.

 

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