Best Of: BlackRock goes all in on infrastructure

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 3 July 2024

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, we’re revisiting an episode from earlier this year. BlackRock chief executive Larry Fink has been on the hunt for the money manager’s next “transformational” deal. In January, Fink revealed that he had finally found it with the acquisition of a private capital firm, Global Infrastructure Partners. The FT’s US financial editor Brooke Masters and US private capital correspondent Antoine Gara explain why BlackRock wanted GIP, and how this deal sets the agenda for Wall Street this year. Clips from CNBC

Plus, send us a question! Behind the Money is teaming up with the FT’s Moral Money newsletter to answer your questions about what “responsible” business and finance really looks like in the 21st century.

That means topics like sustainability, ESG, diversity and inclusion and clean energy investment. These have become hot-button issues that have recently faced a huge backlash.

Tell us, what are the questions you have? To get in touch, record a voice message here: sayhi.chat/0humz

We might read out, or play the question from your voicemail with your name, on the show.

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For further reading:

Infrastructure: from investment backwater to a $1tn asset class

How the $12.5bn BlackRock-GIP deal is set to shake up investment management

How Adebayo Ogunlesi’s contrarian bet led to $12.5bn BlackRock tie-up

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On X, follow Antoine Gara (@AntoineGara), Brooke Masters (@brookeamasters) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:27.7	AI and take action today.
0:30.6	Hey, it's Michaela. Before we get to today's episode, a quick announcement.
0:35.0	This summer, behind the monies teaming up with the FT's moral money newsletter
0:40.0	to answer your questions about what responsible business and finance really looks like in the 21st century.
0:47.2	That means we're looking for questions on topics like sustainability,
0:50.7	ESG, diversity and inclusion, and clean energy investment.
0:55.8	Many of these have become hot button issues that have recently faced a huge backlash.
1:01.0	So we're curious what you want to know about them.
1:03.0	If you have a question you'd like to submit, there's a link in our show notes where you can record your question as a voice message.
1:09.0	I promise it's easy to do.
	...

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