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One of the world’s largest asset manager, BlackRock trying etch its name in private financing deals

Multinational investment management corporation, BlackRock Inc is looking to invest in energy and infrastructure projects in the United States, Mexico and Asia, where its institutional clients can invest in. The world’s largest asset manager is trying to build a name for itself in private financing deals, so as to attract and please its yield-hungry clients like US pension funds. BlackRock is now seeing particular opportunity because banks which had earlier funded these types of projects are now constrained from doing so by post-crisis regulations. In the past BlackRock invested in such deals via its fund of funds business. But direct deals now give the company more flexibility in the kind of projects it wants to invest in, rather than having to stick to the mandate of a fund. BlackRock is interested in bringing private equity ownership deals and private lending deals to clients. Halliburton, one of the world’s largest oil field services companies recently tapped BlackRock for $500 million to help fund it’s drilling in existing shale wells. BlackRock and private equity firm First Reserve earlier this year took a joint equity stake in a $900 million pipeline project run by state-controlled Mexican oil company Pemex. BlackRock also is looking for more deals in asset management technology, such as its investment in Symphony Communications Services Holding LLC, a Wall Street-backed digital marketplace for research and data.


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