CCI Approves BlackRock's Acquisition of Global Infrastructure Management

The Competition Commission of India (CCI) has approved BlackRock Funding, Inc.'s acquisition of Global Infrastructure Management, LLC, marking a significant milestone in the global investment landscape.

According to a press release by the CCI, BlackRock Funding, Inc., a subsidiary of BlackRock Inc., will significantly expand its infrastructure management capabilities through this acquisition. This move highlights the increasing importance of infrastructure investments in global portfolios.

The approved deal involves BlackRock Funding, Inc. acquiring 100% of the limited liability company interests in Global Infrastructure Management, LLC (GIM), enhancing BlackRock's strategic influence in the global infrastructure sector.

BlackRock Funding, Inc. (BFI), a newly formed subsidiary of BlackRock Inc., will purchase the entirety of GIM's interests. BFI, a wholly owned subsidiary of BlackRock Inc., was established specifically for this strategic acquisition and does not have independent operational activities.

BlackRock Inc., a publicly traded U.S. company, is involved in global investment management, risk management, and advisory services for institutional and retail clients. It manages assets on behalf of investors worldwide.

Global Infrastructure Management, headquartered in New York City, is a global independent infrastructure fund manager. It manages investment funds operating under the trading name Global Infrastructure Partners (GIP Funds).