BlackRock Real Assets has achieved a US$1.67 billion final fundraise for the Global Infrastructure Debt Fund (GID), inclusive of US$150 million in co-investments. 

The fund has seen commitments from over 20 institutional investors, including leading global insurance companies, public and private pension funds, and family offices, from the United States, Canada, Japan, and Korea, representing more than three times the initial fundraising target.

GID is BlackRock’s first commingled fund offering in the high-yield infrastructure debt market, complementing the firm’s existing capabilities across the capital structure in senior debt and equity. The fund sits alongside US$1.3 billion managed through investment grade commingled funds. GID targets infrastructure investments in essential real assets located primarily in developed markets and backed by visible cash flow streams. The fund’s focus on essential assets helps deliver uncorrelated income and portfolio resilience, especially amidst global market uncertainty resulting from the pandemic.

As of March 31, 2021, BlackRock’s Infrastructure Debt platform has invested in over 125 projects across 18 countries on 4 continents.