Blackrock closes global renewable fund - almost double of its initial target

The world's largest asset manager has raised USD 4.8bn to invest in renewable power assets around the world.

Photo: SHANNON STAPLETON/Reuters / X90052

Blackrock has raised USD 4.8bn 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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

ETF specialist hires Nordic director

The US-based provider of exchange-traded products is strengthening its Nordic sales team with Amundi's former Head of ETF and Indexing in the Nordics.

Further reading

Related articles

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch