Blackstone Credit & Insurance announces $1bn infrastructure loan portfolio purchase from Santander

Written by Adam Cadle

26/11/2024

Blackstone and Santander Corporate & Investment Banking have announced an agreement under which funds managed by Blackstone Credit & Insurance (BXCI) will acquire interests in a $1bn portfolio of high-quality infrastructure loans from Santander.

The portfolio comprises loans that finance assets located largely in Western Europe and the US across the digital infrastructure, utility scale renewable, energy efficiency and transportation sectors.

Robert Horn, global head of infrastructure & asset based credit at BXCI, said: “This transaction is consistent with our approach to working with leading financial institutions on large-scale, long-term, efficient solutions that support their capital goals.”

BXCI’s infrastructure and asset based credit platform manages over $80bn and has over 70 investment professionals, among the largest in the asset-backed marketplace. The platform is focused on providing investment grade credit, non-investment grade credit, and structured investments across the real economy in sectors such as digital infrastructure, energy transition infrastructure, consumer finance, commercial finance, and residential real estate.

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