Blackstone Credit & Insurance (BXCI), Blackstone’s asset backed credit division, and Santander Corporate & Investment Banking (CIB) have agreed to a strategic deal that will see BXCI acquire a $1bn portfolio of infrastructure loans from the bank.
The portfolio primarily consists of loans financing assets across Western Europe and the US, spanning sectors such as digital infrastructure, renewable energy, energy efficiency, and transportation.
In a press statement, Robert Horn, Global Head of Infrastructure & Asset-Based Credit at BXCI, said: “This transaction aligns with our strategy of partnering with top financial institutions to provide large-scale, long-term solutions that support their capital objectives.”
BXCI manages over $80bn in assets and has a team of over 70 investment professionals, making it one of the largest players in the asset-backed credit market. The platform specialises in providing investment-grade credit, non-investment grade credit, and structured investments across a variety of sectors, including digital infrastructure, energy transition, consumer finance, and residential real estate.
