BlackRock raises $4.8bn for renewable power fund Friday, April 09, 2021
Laxman Pai, Opalesque Asia:
American multinational investment management corporation BlackRock Inc. has raised $4.8 billion for a new fund to invest in renewable power assets around the world - almost double its initial target.
The total for the firm s GRP III was almost three times the size of GRP II, which closed in July 2017 at $1.7 billion.
BlackRock Real Assets closed on its third global renewable power fund (GRP III), drawing money from over 100 institutional investors, including leading public and private pension funds, insurance companies, endowments, foundations, and family offices from over 18 countries globally.
BlackRock closes renewable energy fund at $4 8 billion pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
KKR closes $15 billion Asian private equity fund
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New York-based private markets firm KKR closed its latest Asia-Pacific private equity fund, Asian Fund IV, at $15 billion a record for a fund focused on the region.
Roughly $1.3 billion of that total will be invested by KKR and its employees alongside the firm s limited partners, according to a news release Tuesday.
The $15 billion close exceeded KKR s target for the fund of $12.5 billion.
The fund attracted those record commitments in less than 18 months, at a time of unprecedented operational challenges for the industry caused by the coronavirus pandemic, a spokeswoman for the firm said.
Societal responsibility – investing to create a more equal society lgcplus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lgcplus.com Daily Mail and Mail on Sunday newspapers.