BlackRock to acquire First Reserve Energy Infrastructure Funds from First Reserve.

BlackRock, has acquired First Reserve Energy Infrastructure Funds, the equity energy infrastructure franchise from First Reserve, a leading global private equity firm exclusively focused on energy. Financial terms were not disclosed. “This transaction expedites the growth trajectory of our platform and our ability to deliver to our clients a diverse platform of infrastructure investment solutions that can provide income generation, diversification and inflation protection.” Jim Barry, BlackRock Real Assets global head.