Blackstone to Acquire $1B Stake in Santander’s Infra Loan Portfolio

Blackstone Credit & Insurance has agreed to acquire a $1 billion portfolio of high-quality infrastructure loans from Banco Santander’s corporate and investment banking division. The portfolio consists primarily of loans financing assets in Western Europe and the U.S., with a focus on digital infrastructure, utility-scale renewables, energy efficiency, and transportation sectors.

For Blackstone, the transaction is consistent with its focus on the infrastructure credit market and its growing investment activity in Europe. Santander CIB’s global head of private debt mobilization, Marcel Patiño, stated that the transaction will streamline the company’s balance sheet and support future growth as a structured finance advisor and arranger.

“We are excited to work with Santander to further scale our relationship as it aligns with Blackstone’s deep roots in the infrastructure credit market and BXCI’s focus on increasing its investment activities in Europe,” added Jacob Nowack, managing director at BXCI.

BXCI’s infrastructure and asset-based credit platform manages over $80 billion with more than 70 investment professionals. The platform is focused on investment grade credit, non-investment grade credit, and structured investments in digital infrastructure, energy transition infrastructure, consumer finance, commercial finance, and residential real estate.