Search
 

BlackRock, Swiss Re Agree on $7.5B Fund Deal

ZURICH-New York City-based BlackRock will take over the fund, which invests in private equity, infrastructure, sustainability and real estate in Europe. Swiss RE will continue to hold the underlying investments.

By Robert Carr | Updated on July 03, 2012

ZURICH-BlackRock Inc., based in New York City, has agreed to buy Swiss Re Private Equity Partners AG (SRPEP), a European private equity and infrastructure fund of funds that manages investments in excess of $7.5 billion. SRPEP, a subsidiary of locally-based Swiss RE, is responsible for private market fund investments in the areas of private equity, infrastructure, sustainability and real estate.

The fund will be integrated with BlackRock’s existing private equity fund of funds group, BlackRock Private Equity Partners. The move will extend BlackRock’s European and Asian footprint, according to a company statement this morning.  “In an environment where yields are low and volatility is high, clients around the world are embracing alternatives which offer higher return potential and the ability to mitigate risk,” said Matthew Botein, managing director and head of BlackRock Alternative Investors in the statement.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.