Despite uncertain economic outlooks and stagnant interest rates in the first half of 2024, dealmaking activity for alternative investment firms has remained active. This includes most notably BlackRock's announcement to acquire Global Infrastructure Partners for $12 billion in cash and stock. Among alts managers, real assets such as infrastructure have been popular targets for those looking to expand their range of asset classes.
In a FundFire article, private equity partner Scott Abramowitz and mergers & acquisitions partner Ariel Deckelbaum commented on the sector’s appeal.
“We’re certainly seeing big growth around digital infrastructure,” Scott said. “We’re seeing limited partner appetite for allocations outside of the flagship baselines.”
“Infrastructure has almost replaced real estate,” Ariel added.
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