Unlocking Sustainable Growth: BlackRock and Santander's Strategic Alliance

In a groundbreaking move, financial powerhouses BlackRock and Santander have announced a strategic partnership that promises to reshape the landscape of project finance, energy finance, and infrastructure debt investment. The two industry giants have signed a memorandum of understanding (MoU) that will see BlackRock's managed funds and accounts invest up to $1 billion per year in select opportunities with Santander, leveraging their combined expertise and resources to drive sustainable growth.

Forging a Powerful Alliance for the Future

Expanding a Longstanding Relationship

The agreement between BlackRock and Santander builds upon their existing relationship, which has already seen BlackRock's funds and accounts provide financing for a $600 million diversified portfolio of infrastructure credit from Santander. This latest MoU represents a significant expansion of their collaboration, unlocking new avenues for investment and growth.Gary Shedlin, Vice Chairman of BlackRock, expressed his enthusiasm for the partnership, stating, "We are pleased to expand our longstanding relationship with Santander through this agreement, which will provide long-term, flexible capital on a recurring basis to support the growth of its project finance franchise. At the same time, this agreement will provide further access to attractive, differentiated investment opportunities for our clients now and over the long term."

Strengthening Santander's Financial Position

For Santander, the framework agreement with BlackRock offers a strategic opportunity to optimize its asset portfolio and bolster its financial standing. Jose Garcia Cantera, Chief Financial Officer of Santander, commented, "This framework agreement with BlackRock will allow us to continue to proactively rotate our assets, further strengthening our financial position and allowing us to generate capital for additional profitable growth. We look forward to working with BlackRock through this expanded partnership."

Leveraging BlackRock's Expertise in Private Debt

BlackRock's extensive experience in the private debt market, with a $86 billion franchise, positions the firm as a trusted partner for Santander. BlackRock's ability to provide differentiated, flexible, and scalable financing solutions to a broad network of global financial institutions and corporate relationships is a key asset in this collaboration.Moreover, BlackRock has built a leading infrastructure debt franchise, with the capability to source, structure, and manage client assets with the potential for income generation. This expertise will be instrumental in supporting Santander's project finance, energy finance, and infrastructure debt investment initiatives.

Unlocking Attractive Investment Opportunities

The partnership between BlackRock and Santander will not only benefit the two institutions but also their respective clients and investors. By leveraging their combined resources and expertise, the alliance will provide access to a diverse range of attractive, differentiated investment opportunities in the project finance, energy finance, and infrastructure debt sectors.This strategic collaboration represents a significant step forward in the financial industry, as two industry leaders come together to drive sustainable growth and create value for their stakeholders.