Transition finance a ‘mega force’ for investors, says BlackRock
The firm has rolled out a transition investing platform with over US$100 billion in assets, comprising public-market and private-market funds and deals
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BLACKROCK is marshalling its resources to help investors who wish to deploy capital into the low-carbon transition theme, which its chairman Larry Fink said is “top of mind’’ for many clients.
The world’s largest asset manager, with roughly US$9 trillion under management, has put together a transition investing platform, with assets under management (AUM) totalling more than US$100 billion and spanning public-market portfolios, private-market funds and transition deals.
The funds on the platform are all BlackRock’s. Private banks are able to access the platform, but availability of the funds will depend on jurisdiction. The company has begun fundraising for the fourth vintage of its climate infrastructure franchise – investing in transition-enabling infrastructure, including wind, solar and battery storage.
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