Blackstone Funds Buy $1B Infrastructure Loan Portfolio from Santander

Blackstone said funds managed by its Blackstone Credit & Insurance (BXCI) unit have acquired the interest in a $1B portfolio of high-quality infrastructure loans from Santander’s corporate and investment banking division.

The portfolio is composed of loans financing assets located mostly in Western Europe and the US across the digital infrastructure, utility scale renewable, energy efficiency, and transportation sectors, Blackstone said. BXCI’s infrastructure and asset-based credit platform manages over $80B, making it among the largest operators in the asset-backed marketplace.

Source: https://www.blackstone.com/news/press/blackstone-credit-insurance-announces-1-billion-infrastructure-loan-portfolio-purchase-from-santander/