ESG Today writes that New York-based GIP, a company founded in 2006, is one of the world's most important independent infrastructure manager, looking after assets worth 100 billion USD. The company targets investments in sectors such as energy, waste and water management.

BlackRock Chairman and CEO Larry Fink said that "infrastructure is one of the most exciting long-term investment opportunities, as a number of structural shifts re-shape the global economy. We believe the expansion of both physical and digital infrastructure will continue to accelerate, as governments prioritize self-sufficiency and security through increased domestic industrial capacity, energy independence, and onshoring or near-shoring of critical sectors."

BlackRock officials stated in a press release that "infrastructure is forecast to be one of the fastest growing segments of private markets in the years ahead", as the world's supply chains are reshaping, while digital infrastructure and decarbonization efforts get more traction from public and private actors.

Following the acquisition, BlackRock will be managing over 150 billion USD worth-of infrastructure through a platform overlooked by GIP professionals.