October 27

Blackrock Raises $4.5 Billion for Climate-Focused Infrastructure Fund

BlackRock Inc (BLK.N) has raised $4.5 billion out of an overall $7.5 billion-target for a new fund to invest in infrastructure assets aimed at climate-focused projects, the world’s largest asset manager said on Tuesday.

BlackRock, which manages around $8 trillion in assets, said public and private pension funds, sovereign wealth funds, insurance companies and family offices had invested in the new fund, which will be called Global Infrastructure Fund IV.

Photo courtesy of Bill Oxford.

Source: Reuters (link opens in a new window)

climate, environmental impact, ESG investing, governance, infrastructure, social impact