ESG & Investing
BlackRock, TPG Deal With UAE Finds New Way to Juice ESG Returns
- UAE will cap and redistribute its own returns on $5 billion
- Arrangement seen as key in attracting new, risk-averse capital
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The United Arab Emirates has agreed to retain a smaller portion of the profits generated by a $30 billion venture involving BlackRock Inc., TPG Inc. and Brookfield Asset Management Ltd., in an effort to lure more private money into climate finance deals.