The markdowns were triggered by failed investments in now-defunct renewable firms Northvolt and SolarZero, Bloomberg reported, citing a letter to clients written by GIP executives. That ...

Moreover, on Oct. 1, 2024, BlackRock completed the acquisition of Global Infrastructure Partners (“GIP”). This added about $170 billion in AUM. The Zacks Consensus Estimate for total AUM is ...

The world's largest money manager has had a big week. It bagged a "transformational deal," shook up its leadership, announced layoffs of 3% of its staff, and launched its long-awaited bitcoin ETF.

Despite the layoffs, the company’s overall headcount is estimated to increase by 2,000 in 2025 in light of recent acquisitions of Global Infrastructure Partners (GIP), private credit firm HPS ...