Larry Fink’s Private Asset Bet Powers Global Family Office Boom

The ex-Credit Suisse bankers behind Global Infrastructure Partners are best-known for building one of the world’s largest investment firms. Now they’re also forging something else: family offices.

At least four of GIP’s six founding partners have started or expanded efforts to build specialized firms overseeing their fortunes since BlackRock Inc., led by Chief Executive Officer Larry Fink, bought their company for about $12.5 billion, according to data compiled by Bloomberg.

Michael McGhee and Raj Rao both recruited finance professionals to run their family offices last year, with McGhee establishing his firm at the time of the GIP sale ...