BlackRock Inc, the world’s biggest asset manager, said on Thursday it has raised over $250 million for its climate finance fund to invest in select countries in Asia, Latin America, and Africa. BlackRock’s Climate Finance Partnership (CFP) will focus on investing in areas like renewable power generation, energy storage solutions The partnership’s consortium of ten […]
How BlackRock and Vanguard Can Advance the Net-zero Emissions Movement
The movement to achieve net-zero global greenhouse gas emissions is gaining traction and coherence, especially in the world of finance. In late March, BlackRock and Vanguard — the two largest asset managers on the planet — joined a growing coalition of investors in the Net Zero Asset Managers Initiative (NZAM). The initiative outlines key requirements […]
Temasek and BlackRock commit $600 million to invest in firms working to reduce carbon emissions
The partnership between Temasek and BlackRock — called Decarbonization Partners — will launch a series of late-stage venture capital and early growth private equity investment funds. They plan to commit a combined $600 million in initial capital to invest across the funds, which would also raise money from third-party investors. The first fund has a […]
BlackRock Real Assets Achieves a US$4.8 Billion Final Close for Global Renewable Power Fund III
Third vintage of flagship renewable power fund is largest yet, significantly exceeding the initial target. Global Renewable Power Fund III becomes largest independent climate infrastructure fund globally1. NEW YORK : BlackRock Real Assets has successfully achieved a US$4.8 billion final close of Global Renewable Power Fund III (“GRP III” or the “Fund”) with commitments from […]
BlackRock invests $118 million in UK electric vehicle startup Arrival
Five-year-old Arrival is focused on the development of electric commercial vehicles, including vans and buses. It previously had raised $111 million from Korean automaker Hyundai Motor Co and sister company Kia Motors Corp, as well as an undisclosed amount from United Parcel Service. British electric vehicle startup Arrival said on Wednesday it has raised $118 […]
BlackRock plans Asia Pacific growth via New Green Power acquisition
BlackRock Real Assets has entered into an agreement to acquire a majority stake in Taiwanese solar energy firm New Green Power (NGP), in a deal which supports BlackRock’s commitment to investing across Asia Pacific. This is BlackRock’s third investment in NGP, but, as with its previous deals with NGP, the value of the latest transaction […]
Greencoat Capital to buy solar portfolio from Blackrock, Lightsource BP
LONDON: Greencoat Capital has agreed to buy a 156 megawatt (MW) portfolio of solar assets in Britain from investment management firm BlackRock Real Assets and solar energy developer Lightsource BP, it said on Thursday. The portfolio’s electricity output will supply around 45,000 homes a year. Financial details of the deal were not disclosed. BlackRock’s Global […]
BlackRock Raises US$5.1 Billion for Global Energy & Power Infrastructure Fund III, Third Global Energy & Power Infrastructure Fund
Fund close marks the largest alternative asset fundraise in BlackRock history Fund size exceeds original target and fund hard cap NEW YORK: BlackRock’s Global Energy & Power Infrastructure Fund (‘GEPIF’) has achieved a US$5.1 billion final close of Global Energy & Power Infrastructure Fund III (‘GEPIF III’ or ‘the Fund’), making it the largest alternative […]
BlackRock Targets Storage With New Multibillion-Dollar Renewables Fund
Martin Torres, Americas chief for renewables at BlackRock Real Assets, talks batteries, offshore wind — and why things may be easier once subsidies disappear. The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries. Long a major global investor in […]
BlackRock, partners eye initial $500 million for climate fund
LONDON : A BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets. The group will provide the first $100 million of funding for the Climate Finance Partnership (CFP), which was set up in 2018 along with France, Germany and […]