Blackrock buys Global Infrastructure Partners for $12.5bn
Blackrock continues its quest to become Blackstone with ETFs.
They want to double alternative investment fee income in the next 5 years and become a major player in the Private Equity, Private Credit, Infrastructure, and Real Estate space.
What do you think the $10 trillion dollar firm looks like in 5 years and does their march towards being an alternative investment manager change your perception of them as a destination / prestige firm?