BlackRock Adds Private Credit to a Booming ESG Fund Strategy
- Larry Fink has advocated adding private markets to CO2 debate
- Transition strategies are among most popular for US ESG funds
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BlackRock Inc. is tapping the private credit market to launch a new fund that will offer one of the fastest growing ESG investment strategies in the US.
The Climate Transition-Oriented Private Debt Fund will become part of an investing platform at BlackRock that the asset manager says is worth more than $100 billion. It will be managed by a team of private debt investors together with sustainability and transition investing specialists from across the firm, according to an emailed statement on Thursday.