“BlackRock Inc. (BLK), the world’s largest asset manager, will buy Swiss Re Ltd. (SREN)’s Private Equity Partners AG for an undisclosed amount to extend its investments into infrastructure.
Swiss Re’s $7.5 billion European private equity and infrastructure fund of funds unit will be integrated with BlackRock’s existing business, the New York-based firm said today in an e-mailed statement. Those funds include a “significant” commitment from Swiss Re.”
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