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
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For further reading:
How the $12.5bn BlackRock-GIP deal is set to shake up investment management
How Adebayo Ogunlesi’s contrarian bet led to $12.5bn BlackRock tie-up
Infrastructure funds draw billions of dollars as energy and supply chains shift
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On X, follow Antoine Gara (@AntoineGara), Brooke Masters (@brookeamasters) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.