BlackRock, Santander Expand Partnership For Private Asset Financing; Blackrock To Invest Up To $1B Per Year In Select Project Finance, Energy Finance, And Infrastructure Debt Investment Opportunities
Portfolio Pulse from Benzinga Newsdesk
BlackRock and Santander have expanded their partnership to focus on private asset financing. BlackRock plans to invest up to $1 billion annually in project finance, energy finance, and infrastructure debt opportunities. This follows a $600 million infrastructure credit financing deal with Santander.
September 26, 2024 | 11:13 am
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BlackRock is expanding its partnership with Santander, committing up to $1 billion annually in private asset financing, including project finance and infrastructure debt. This strategic move could enhance BlackRock's investment portfolio and influence its financial performance.
The expansion of the partnership with Santander and the commitment to invest up to $1 billion annually in private asset financing indicates a strategic growth initiative for BlackRock. This could lead to increased revenue streams and diversification of its investment portfolio, positively impacting its stock price.
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