09:03 AM EST, 03/04/2025 (MT Newswires) -- BlackRock's ( BLK ) Global Infrastructure Partners is close to raising $25 billion for its latest fund, Bloomberg reported Tuesday, citing people familiar with the matter.

The GIP Fund V is expected to hit its initial $25 billion target by the final close, which is scheduled for the coming weeks, the report said.

BlackRock's ( BLK ) latest fund would represent one of the largest in the infrastructure industry, rivaling a similar fund of Brookfield Asset Management (BAM), which raised $28 billion in December 2023, according to the report.

BlackRock ( BLK ) didn't immediately reply to a request for comment from MT Newswires.

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