Key facts
- BlackRock's Global Infrastructure Partners (GIP) is in discussions to sell bonds backed by stakes in its private capital funds.
- The potential deal involves bundling over $1 billion in fund stakes through a collateralized fund obligation.
- This initiative is part of a broader trend of asset managers seeking to boost returns on their holdings.
- BlackRock completed its acquisition of GIP for $12.5 billion in September 2025.
- The combined infrastructure platform will manage approximately $170 billion in assets.
BlackRock Inc.'s Global Infrastructure Partners (GIP) is reportedly in discussions with investors to securitize stakes in its private capital funds, a move aimed at enhancing returns. The firm is considering a collateralized fund obligation deal that could bundle more than $1 billion of its holdings. These talks are in an exploratory phase and subject to change.
This initiative follows BlackRock's $12.5 billion acquisition of GIP, which was completed in September 2025. The integration created a significant infrastructure platform, operating under the GIP brand as part of BlackRock, with approximately $170 billion in assets under management and a global team of 600 professionals. BlackRock's CEO, Laurence Fink, has emphasized infrastructure as a key asset class for long-term growth and inflation protection.
Bayo Ogunlesi, GIP's Chairman and CEO, will lead the combined infrastructure platform and is slated to join BlackRock's Board of Directors. The deal positions BlackRock to capitalize on the growing infrastructure investment sector.