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BlackRock closes acquisition of First Reserve's energy infrastructure funds

BlackRock Inc. said it has completed the acquisition of First Reserve Energy Infrastructure Funds, the equity energy infrastructure franchise of First Reserve.

Under the transaction, BlackRock acquired two closed-end equity infrastructure funds and their investment advisers in Greenwich, Conn.; Houston; and London. As of May 31, BlackRock's Real Assets platform had about $36.5 billion in client assets, the company said. The figure includes combined invested and committed capital to First Reserve Energy Infrastructure Funds, as well as office locations from the First Reserve Energy Infrastructure Funds transaction as of May 31.