BlackRock to take over $3.7B in First Reserve funds
February 02, 2017
Energy Infrastructure | Greenwich, CT | Acquisition
Megalithic asset manager BlackRock has agreed to acquire First Reserve Energy Infrastructure Funds, the equity infrastructure franchise of First Reserve. The unit manages about $3.7 billion in committed capital across two funds, with investments throughout the Americas, Europe and Southeast Asia. BlackRock will absorb the team’s 37 employees.