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.
Photo courtesy of Firmbee.com.
