ITE Management Announces Strategic Investment by Blackstone
Deal News | Mar 05, 2025 | Blackstone
ITE Management, L.P., a key player in transportation infrastructure investment, announced a strategic minority investment from funds managed by Blackstone Credit & Insurance. This collaboration is set to bolster ITE’s leadership amidst an increasing demand within the sector. The partnership includes a forward flow mechanism, with Blackstone poised to provide ITE up to $2 billion for investment and financing during the initial phase. With over $10 billion in assets, ITE specializes in sectors such as rail, intermodal transport, specialty aviation, and electric vehicles. The deal signifies Blackstone’s acknowledgment of ITE’s leadership in the field, while promising to benefit from its broad network and finance solutions. ITE will remain independently operated under its current co-founders. Financial advice for this transaction was provided by Goldman Sachs to ITE and Guggenheim Securities to Blackstone, with legal advice by Weil, Gotshal & Manges and Kirkland & Ellis respectively.
Sectors
- Transportation Infrastructure
- Alternative Asset Management
- Investment Management
Geography
- United States – Both ITE Management and Blackstone have a significant presence in the U.S., which is the primary geography focus of the article.
Industry
- Transportation Infrastructure – ITE focuses on investments in transportation infrastructure, making this industry classification relevant.
- Alternative Asset Management – Both ITE and BXCI are heavily involved in alternative investments, primarily in asset-backed lending and infrastructure.
- Investment Management – The article discusses investment management practices and strategic financial partnerships between Blackstone Credit & Insurance and ITE Management.
Financials
- $2 billion – The targeted capital that Blackstone is providing to ITE Management during the initial phase of their partnership.
- $10 billion – The asset value managed by ITE Management.
- $90 billion – The asset value managed by Blackstone Credit & Insurance.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ITE Management L.P. | Target Company | Company | An alternative investment firm focused on transportation infrastructure, managing over $10 billion in assets. |
| Blackstone Credit & Insurance | Investor | Company | A leading credit investment company managing over $90 billion, focused on asset-backed lending and infrastructure. |
| Goldman Sachs & Co. LLC | Financial Advisor to ITE | Company | Exclusive financial advisor providing strategic advice to ITE Management. |
| Weil, Gotshal & Manges | Legal Advisor to ITE | Company | Provided legal advice for the transaction on behalf of ITE Management. |
| Guggenheim Securities, LLC | Financial Advisor to Blackstone | Company | Acted as financial advisor to Blackstone during the transaction. |
| Kirkland & Ellis | Legal Advisor to Blackstone | Company | Provided legal services to Blackstone in relation to the deal. |