BlackRock Inc.’s Global Infrastructure Partners is close to raising roughly $25 billion for its latest flagship fund, a sum that would make it one of the largest in the infrastructure industry, according to people familiar with the matter.

Li Ka-shing’s CK Hutchison Holdings Ltd. has hired law firm Paul Hastings LLP to work on the blockbuster sale of its ports business, a major win for an adviser that rarely cracks the top of M&A league tables,

BlackRock Inc. scrapped its “aspirational workforce representation” objectives, reversing course on earlier goals after President Donald Trump moved to end diversity, equity and inclusion, or DEI, practices.

A consortium led by BlackRock has bought two ports on either side of the Panama Canal just a few weeks after President Trump threatened to use force to restore U.S. control over the energy chokepoint.

BlackRock, the world’s largest asset manager, is incorporating Bitcoin into its $150 billion model-portfolio universe. The firm is adding a 1% to 2% allocation of the iShares Bitcoin Trust ETF (IBIT) to its target allocation portfolios that allow for alternatives,