April 26

BlackRock, Temasek Raise $1.4 Billion for Decarbonization-Focused Growth Fund

By Susan Lahey

BlackRock and Temasek’s decarbonization-focused fund Decarbonization Partners announced today that it has raised $1.4 billion at the final close of its inaugural fund, Decarbonization Partners Fund I, well ahead of the firm’s $1 billion fundraising target.

Decarbonization Partners was launched by BlackRock and Temasek in 2022, establishing a late-stage venture capital and growth private equity partnership to invest in companies providing technologies and solutions that help accelerate the transition to a net zero economy by 2050. Since launch, the Decarbonization Team has grown to more than 25 members across offices in New York, San Francisco, Singapore, London, Paris and Houston.

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Source: ESG Today (link opens in a new window)

climate change, decarbonization, ESG, innovation, partnerships, renewable energy