BlackRock has created a real assets debt group after the firm’s head of infrastructure debt, Erik Savi, announced he was leaving, according to an internal memo seen by Infrastructure Investor.
Having been with the firm for five years, Savi is leaving the New York-based asset manager “to take on a new challenge” and will transition out of his position in the coming weeks, Jim Barry, BlackRock’s global head of real assets, wrote in the memo.