BlackRock, the $3.6 trillion investment giant, has hired a
specialist team to launch a new European infrastructure debt
investment unit based in London in a move to expand its
alternative investments business into new areas.
Joining the firm are Philippe Benaroya, Chris Wrenn and
Gilles Lengaigne - who have worked together for more than a
decade, most recently at Blackstone/GSO Capital Partners.
BlackRock is making the move in response to institutional
clients' desire to pursue increased yield in a low
interest-rate environment, by channelling capital into
new-build infrastructure projects and secondary loan...