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BLACKROCK – ACQUISITION OF FIRST RESERVE’S ENERGY INFRASTRUCTURE FRANCHISE

10 febrero, 2017

BlackRock has agreed to buy First Reserve Energy Infrastructure Funds (FREIF), the equity infrastructure franchise of First Reserve. The acquisition is expected to close by the end of the second quarter, augmenting BlackRock’s infrastructure platform to approximately USD 14bn in assets under management. The energy infrastructure team of First Reserve manages USD 3,7bn across two funds, the USD 1,2bn FREIF I (closed in May 2011) and the USD 2,5bn FREIF II (closed in June 2014).