BlackRock raises $1.67bn for infrastructure debt

BlackRock Real Assets collected $1.67 billion in the final fundraise for its new global infrastructure debt strategy, which tripled BlackRock’s initial target to become the largest first-vintage high yield infrastructure debt fund for the firm.

The fund is the firm’s first commingled fund offering in the high-yield infrastructure debt market that adds to BlackRock’s existing capabilities within senior debt and equity. The Global Infrastructure Fund sits alongside $1.3 billion managed through investment grade commingled funds, officials said.

“It is a testament to the team’s ability to deliver . . .

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