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.

A group of 37...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!