BlackRock has added the three-person team of Philippe Benaroya, Chris Wrenn and Gilles Lengaigne, from Blackstone’s private debt business, to launch its own infrastructure debt platform focused on Germany, France, Benelux and the UK.
The team will also pursue secondary loans from banks and refinancing of existing transactions. The new unit will focus initially on separate mandates from existing BlackRock clients, rather than funds.
Benaroya and Wrenn were both appointed co-heads of European infrastructure debt.
Lengaigne, director, previously worked for Harbourmaster, which was acquired last year by Blackstone’s GSO debt division.