BlackRock to Buy Global Infrastructure Partners for $12.5 Billion

BlackRock has agreed to purchase private-equity agency Global Infrastructure Partners for roughly $12.5 billion in money and inventory, a big push into private-market investments for the world’s largest asset supervisor.

New York-based GIP owns and operates power, transportation, and water and waste corporations, together with a stake in London’s Gatwick Airport. The acquisition can be BlackRock’s largest because it purchased Barclays’s asset administration enterprise in 2009.