Investment and risk management company BlackRock Inc. purchased investment firm Infraestructura Institucional for an undisclosed amount Monday.
The recent acquisition is expected to expand BlackRock’s capabilities in Mexico and enhance the company’s ability to offer attractive infrastructure investment opportunities to clients around the world.
New York-based BlackRock manages approximately $7.5 billion globally and includes more than 80 professionals from across eight different offices. And with a combination of knowledge, local investment and sector expertise and a rigorous and comprehensive risk management culture, BlackRock officials contend that it is uniquely positioned to provide a wide range of solutions in infrastructure investment for local and international clients.
Through its global platform, BlackRock currently manages $23 billion in assets for Mexican clients and delivers the firm’s comprehensive range of local and international investment solutions to institutional and wealth clients.
Company officials said that this transaction represents another step toward establishing BlackRock’s infrastructure investment capabilities in Latin America and adds to BlackRock's team with of investing across a range of infrastructure project types in Mexico, including transportation, energy and social infrastructure.
Organizations in this Story
Want to get notified whenever we write about BlackRock ?
Next time we write about BlackRock, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.Sign-up for Alerts
- Guatemalan businessman Fernando Jarquín implements vision for development
- Emiliano Salinas cuts ties with NXIVM
- Fernando Jarquin, Guatemala’s Pharmaceutical Innovator and Entrepreneur, Talks Business
- New Colombia Resources says Sannabis test was successful
- Grupo Exito aims to help support Colombia
- Codelco CEO calls for transparency, focus on production goals
- BCP offers tips on choosing master's degree program
- General Tire launches new tire for Andean market
- Latin America talks of boosting pork production, exports @CorferiasBogota
- AIR Worldwide team takes part in wind-engineering conference