NEW YORK: Blackstone and Santander Corporate and Investment Banking have announced an agreement in which funds managed by Blackstone Credit and Insurance (‘BXCI’) will purchase interests in a $1 billion portfolio of infrastructure loans from Santander. The portfolio includes loans that fund assets primarily in Western Europe and the US, spanning sectors such as digital infrastructure, utility-scale renewable energy, energy efficiency, and transportation.

According to BERNAMA News Agency, Robert Horn, Global Head of Infrastructure and Asset-Based Credit at BXCI, stated, “This transaction aligns with our strategy of collaborating with leading financial institutions to deliver large-scale, long-term, and efficient solutions that support their capital objectives.” The acquisition underscores Blackstone’s commitment to expanding its presence in the infrastructure sector while supporting Santander’s capital goals.