BlackRock Raises $4.8 Billion to Invest in Renewable Power
- Fund raises almost double from investors than expected
- BlackRock closes third global renewables-focused fund
This article is for subscribers only.
BlackRock Inc. has raised $4.8 billion for a new fund to invest in renewable power assets around the world - almost double its initial target.
The company’s real assets division closed on its third global renewable power fund, drawing money from over 100 institutional investors. It’s the latest sign of increasing interest from investors to buy into the surging green power sector.