People Moves

BlackRock moves into infrastructure debt with new team hiring

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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 investments.

Working within BlackRock Alternative