BlackRock Expands Further Into Private Assets, Partners With Santander

BlackRock, Inc. (BLK) and Banco Santander, S.A. (SAN) have signed a memorandum of understanding, under which funds and accounts managed by BLK will invest up to $1 billion per year in select project finance, energy finance and infrastructure debt investment opportunities with Santander through structured transaction formats. In a transaction in April, BlackRock agreed to provide financing on a $600 million diversified portfolio of infrastructure credit from Santander. The latest agreement comes as the asset ...