BlackRock Grabs Infrastructure Funds After Trump Actions

Law360, New York (February 1, 2017, 2:22 PM EST) -- BlackRock Inc. on Wednesday said it will buy two energy infrastructure funds from energy-focused private equity shop First Reserve Corp., bolstering the asset management giant's investment opportunities in the space at a time when President Donald Trump has expressed support for energy infrastructure projects.

The asset manager said it will purchase First Reserve's Energy Infrastructure Funds, which have about $3.7 billion in committed capital across two funds. The funds make up First Reserve's equity infrastructure arm and they focus on power plants, pipelines, energy storage facilities and electrical transmission and utilities projects, according to the company's site.

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