Blackrock Renewable Energy Infrastructure Fund

Blackrock real assets has begun fundraising for its third global renewables fund targeting 2 5 billion in commitments infrastructure investor understands.

Blackrock renewable energy infrastructure fund.

Global renewables power fund iii was launched in the first quarter of this year and is targeting a gross irr of 12 13 percent and a gross yield of 5 7 percent according to pension documents. New york business wire blackrock s global energy power infrastructure fund gepif has achieved a us 5 1 billion final close of global energy power infrastructure fund iii. Blackrock inc is planning to raise 3 5 billion for investments in energy infrastructure in what is poised to be its largest alternative investment fund yet an executive at the world s largest. Over the next 30 years there will be a shift in global power generation from two thirds fossil fuels to two thirds renewables.

Blackrock s first renewables private equity fund drew around 600 million of commitments from big investors. Fund close marks the largest alternative asset fundraise in blackrock history fund size exceeds original target and fund hard cap. Global climate infrastructure investments primarily in renewable power seeking financial returns with a purpose. In infrastructure we expect renewable energy again to be the sector with the most investment activity following a year when it accounted for more than 50 of investment activity.

Blackrock s global energy power infrastructure fund gepif has achieved a us 5 1 billion final close of global energy power infrastructure fund iii gepif iii or the fund making it the largest alternative investment fundraise in blackrock. The fund was launched at the start of this year with the aim of raising usd 2 5 billion. The second launched a few years later brought in 1 65 billion. The trust seeks to achieve its investment objective by investing primarily in equity securities issued by companies that are engaged in the utilities infrastructure.

This presents a 9 trillion climate infrastructure. Given the scale and urgency of the power and energy transition underway around the world and continuing technical and cost advances we think this trend has a. Blackrock utilities infrastructure power opportunities trust s bui the trust investment objective is to provide total return through a combination of current income current gains and long term capital appreciation. Sustainable energy companies are those which are engaged in alternative energy and energy technologies including.